Tag Archives: USD/CHF
Behavioral Finance: Daily Forex Outlook: Euro traders re-adopt crisis stance
EUR USD (1.3150) Yesterday’s drop was not only due to dollar strength, but also to considerable euro weakness. Investors continued to buy dollars, supposedly pricing in the opinion that there will be no more Fed QE.
FX Market Technical Research
EUR/USD continued to lose ground yesterday and has reached the short term support line at 1.3136. Failure here is expected and should be enough to refocus attention onto the 1.3004 recent low and then 1.2974/54, the February low and 61.8% Fibonacci retracement.
Behavioral Finance: Daily Forex Outlook : Market seems prone to over-reaction
EUR USD (1.3195) Investors seem to have refreshed their opinionsof US QE prospects in a familiar fashion. A steep retreat to the dollarpanned out yesterday based on surprisingly hawkish FOMC meetingminutes.
Behavioral Finance: Daily Forex Outlook: Market sentiment lags the price
EUR USD (1.3335) Over the past week more volatility has appeared in the mood of market participants than in the actual FX rate. Although spot prices are unchanged on a week ago, each day small moves are explained by large macro themes.
Behavioral Finance: Daily Forex Outlook: Opinions on eurozone become more favourable
EUR USD (1.3335) A lull period has set in with multiple signs of easing in the eurozone. The finance ministers’ meeting that took place last week has been hailed as a success by the IMF and by the ECB.
Behavioral Finance: Daily Forex Outlook : Scepticism on Europe has no follow-through
EUR USD (1.3320) The early weakness in the euro yesterday was accompanied by a popular perception of a divergence between the US and eurozone economies. Those bearish on the euro were provided with ample fuel for their views.
FX Market Technical Research
EUR/USD remains capable of testing the top of the 7 month channel at 1.3442, this together with the February high at 1.3487 should provoke failure. The near term uptrend has been eroded and we should see the market ease back towards the 20 and 55 day ma at 1.3210/1.3174.
Behavioral Finance: Daily Forex Outlook: Market focus meanders back to the eurozone
EUR USD (1.3320) The eurozone finance ministers meeting slated to discuss the fate of pan-European rescue vehicles starts on Friday.With the impact of Bernanke’s recent dovish statements now welldigested, it is not surprising that the news focus is shifting from the USeconomic data to the eurozone’s political economy.
Technical Analysis – FX Daily Majors
Today’s highlights: AUDUSD: Spotlight on six month up trend line, 1.0325 (setting back from Q1 topping trend barrier). A close below this key support risks April move to 1.0145/15 target. NZDUSD: Poised at minor chart prop at .8143 (back from ahead of .8282 chart resistance) with risk still lower back our .8050/7996 target (and lower […]
FX Market Technical Research
EUR/USD no change – the market will shortly encounter the top of the 7 month channel at 1.3449, this together with the February high at 1.3487 should provoke failure. However a break below 1.3263 (near term uptrend) is needed to alleviate immediate upside pressure.
Behavioral Finance: Daily Forex Outlook: Doves will likely tint the monetary policy
EUR USD (1.3330) Ben Bernanke’s latest comment that ‘no option is off the table’ is being interpreted by many as positive for the prospects of QE3. His reaction to the implications of higher oil prices suggest that he judges the impact as not too inflationary or growthhindering barring, of course, unpredictable shocks.
FX Market Technical Research
EUR/USD will shortly encounter the top of the 7 month channel at 1.3457. this together with the February high at 1.3487 should provoke failure. Initial support is 1.3291, then 1.3237 (near term uptrend) and we suspect will have to fall below this latter level to alleviate immediate upside pressure.