Tag Archives: USD/CHF
Behavioral Finance: Daily Forex Outlook: The austerity dilemma
EUR USD (1.3195) The successful Dutch government bond sale managed to offset the negative sentiment that the political upheaval in Netherlands triggered in the market. Nevertheless the collapse of the Dutch government bought into forefront the challenges of trying to implement austerity programmes, not just in the periphery but in the AAA-rated core economies too.
Behavioral Finance: Daily Forex Outlook: The euro’s puzzling resilience
EUR USD (1.3150) Since weeks the euro is wedged in a narrow range closer to the year-high than the year-low. This trend did not alter yesterday even though the political risk in the eurozone leapt back into the market focus.
Daily FX Technical Strategy: AUD on the ropes
Over the last 24 hours, the outlook for the AUD has deteriorated somewhat and against the majors key support is under threat. For the time being though the support is holding but key levels are close at hand and worth noting. Like a fighter, the AUD is on the ropes, absorbing blows, it is on […]
FX Market Technical Research
EUR/USD has again failed to maintain a minor break of the 55 day ma and sold off back into its range. Directly overhead sit the 1.3305/20 downtrends, and these continue to effectively block the topside. These are the 5 month downtrend and the 8 month channel.
Behavioral Finance: Daily Forex Outlook: The IMF money is conditional
EUR USD (1.3145) The IMF has received an extra $430 billion in resources after a lengthy bout of lobbying. A brief look at the news reports on the issue leaves one with an impression that should the eurozone deteriorate and policymakers actually delve into IMF funds it would not be without hefty discussions about the […]
Technical Analysis – FX Daily Majors
Today’s highlights: GBPUSD: Soaring through our target area at 1.6064/90, to now eye the Q4 2011 peak, 1.6167, which we look to cap near term. But mid-Q2 risk is higher to our 1.6350 retrace target.
Behavioral Finance: Daily Forex Outlook: The tendency to bearishness is unjustified
EUR USD (1.3145) Narrow ranges and sideways trading currently seem to accompany a popular search for gloomy news. For instance, the Spanish bond auction yesterday proceeded as well as anyone could have hoped at the start of the week.
Behavioral Finance: Daily Forex Outlook: A less worrisome Spanish bond auction
EUR USD (1.3115) An apprehensive eye will be kept on the Spanish 10-year bond auction today as stress on the eurozone persists from the periphery. Statistics from Spain, such as the 3 percent decline in house prices in the last quarter and the 17-year high in bad debt on the country’s bank’s balance sheets keep […]
Behavioral Finance: Daily Forex Outlook: Euro wedged in a narrow range
EUR USD (1.3120) The euro recovered from multi-months lows against the dollar leaving investors searching for a convincing explanation. Of course, at first glance, the better-than-expected April ZEW data, Germany’s monthly survey of investor optimism seemed to be the most obvious reason This explanation, however, looks hardly convincing.
Behavioral Finance: Daily Forex Outlook: Euro’s curious rebound
EUR USD (1.3025) Spanish economic woes have meandered back into market focus with an amazing speed. Yesterday investors felt unsettled by the ECB data showing that the Spanish banks borrowed a record amount of euros in March and worried about their dependence on the ECB.
Behavioral Finance: Daily Forex Outlook : Market continues to focus on peripheral assets
EUR USD (1.3020) Downbeat Chinese GDP data probably contributed to pushing the euro to the months low. But as Spanish borrowing costs increase to the levels that forced Greece, Ireland and Portugal to resort to bailouts, the investor focus is now meandering back to the eurozone.
Behavioral Finance: Daily Forex Outlook: Major currencies seen as fairly-valued
EUR USD (1.3170) The euro’s situation remained neutral against the backdrop of yesterday’s Italian bond auction that proceeded in line with expectations – neither good nor bad. With the euro trading within recently small ranges, traders simply attributed the modest uptick to a weak dollar rather than to a strengthening euro.