Tag Archives: USD/CHF
Behavioral Finance: Daily Forex Outlook: ECB Bond Purchase Programme 2.0
EUR USD (1.3130) After many punishing days for asset markets, there was a palpable desire to see some correction yesterday. A rebound in equities, peripheral bonds, and the euro were in unison with comments by Benoît Coeuré suggesting a bond purchasing programme in Europe ‘still exists.’
Daily FX Technical Strategy: A pause in proceedings
Within the recent bout of risk aversion we are seeing sings of a near-term bounce as investors take profits. The S&P 500 is finding interim buying interest over its daily cloud and the down move in base metals is stalling against stretched momentum studies.
Technical Analysis – FX Daily Majors
Today’s highlights: · USDJPY: Holds at key near-term support target, 80.58, but only above 81.88 eases downside risks. · AUDUSD: Push above trend line resistance from February eases immediate bear threat, but 1.0465 is needed for a small base (which we would look to cap).
FX Market Technical Research
EUR/USD is inching slowing higher, bouncing off the shallow support line at 1.3034, which connects the lows from February to the lows seen in March. Failure here should act as an early warning signal of losses to the more important support at 1.2974/54, the February low and 61.8% Fibonacci retracement.
Behavioral Finance: Daily Forex Outlook: Eurozone solutions are not apparent
EUR USD (1.3090) Economic fears over Spain and Italy grippedinvestors on Tuesday as Spanish equities neared a three year low,Spanish yields went upward and Italian capital markets followed thesame pattern.
Daily FX Technical Strategy: Hard asset breakout
Investors continue to take risk off the table as peripheral eurozone bond yields push higher. The S&P 500 index posted a fifth consecutive day lower, and commodity markets, in particular Brent crude and copper, have broken below important range lows.
Technical Analysis – FX Daily Majors
Today’s highlights: USDJPY: Another “bearish “outside” pattern plunges towards key near-term support target , 80.58, which we look to hold near term.
Daily FX Technical Strategy: European concerns
European problems are not going away. Last week was the worst week so far this year for key US and European equities and the US and German rates markets responded accordingly with a bid. That the US/German yield spread is testing the lows of this year is a telling sign for Europe.
Behavioral Finance: Daily Forex Outlook: US jobs number reflects Bernanke’s concerns
EUR USD (1.3150) Higher volatility last week, amid a steep drop in the euro, indicated popular concern that the single-currency might fall out of the range that has dominated over the last two months.
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Eyeing Head & Shoulders neckline, 1.3030; below targets 1.2805. USDJPY: Forceful Friday plunge through 81.96/83 support keeps correction risk still lower through 81.07 retrace level to our 80.58 target.
FX Market Technical Research
EUR/USD despite weak payrolls on Friday, the rebound on EUR/USD has been tepid at best and the market starts this week sitting just above the 1.3004 March low. Key short term support remains 1.2974/54, the February low and 61.8% Fibonacci retracement.
Daily FX Technical Strategy: S(PAIN)
Eurozone issues are coming back under the spotlight ahead of the long weekend. The spread between Spanish and German 10-year yields are testing the wides of this year and European equities, particularly the Spanish Ibex index are breaking lower.