Tag Archives: USD/CHF
Behavioral Finance: Daily Forex Outlook: Euro demand emerges from the dollar-zone
EUR USD (1.3270) The currency markets appear to be struggling to interpret the risks for the euro and for the dollar. On one hand, high oil prices, rising US long yields, and the prospects of tighter Fed policy earlier than 2014, are considered the most apparent short-term challenges for the dollar; on the other, investors […]
Daily FX Technical Strategy: Intraday clues for a dollar bounce-back
The dollar has tended to drift lower so far this week but we are not convinced this is a sustainable move. The correction in USD/JPY is taking on the shape of a bullish flag on intraday charts suggesting the uptrend is poised to resume.
Behavioral Finance: Daily Forex Outlook: Fed will remain pro-stimulus
EUR USD (1.3230) A warning by New York Fed President William Dudley yesterday that the recent US economic recovery, although gaining speed could just as easily stall, was a reality check for the markets.
FX Market Technical Research
EUR/USD continued to rally yesterday, the near term rally is viewed as corrective, but we would allow for a return to the 1.3291/1.3325 region (9th February high), however we would again expect that to provoke failure.
Behavioral Finance: Daily Forex Outlook: The bond market finally believes in green shoots
EUR USD (1.3170) Although US data had started surprising to the upside in the last quarter, it is the rise in US Treasury yields over the last few days that seems to be finally convincing the sceptics that the US ‘green shoots’ might be here to stay.
FX Market Technical Research
EUR/USD on Friday saw a strong rebound from support at 1.3000. This has been stronger than we thought, but is viewed as a correction only. It is possible that this rebound will return to the 1.3291/1.3325 region, however we would again expect that to provoke failure.
Daily FX Technical Strategy: JPY juggernaut still turning
Yesterday was a day of consolidation in FX markets and it passed without producing evidence of material change. Consequently, we are sticking with recent themes: USD strength, JPY weakness and NOK strength.
FX Market Technical Research
EUR/USD remains on the defensive., it has recently eroded the top of cloud support, the 55 day moving average and the 50% retracement support at 1.3055. It is currently sitting on support at 1.3000.
Daily FX Technical Strategy: US yield rise lends further USD support
Having broken out of well-established ranges earlier in the week, US yields are surging higher across the curve. Into next week, we suspect the pace of the move will slow given approaching stronger support but for the time being, the dollar is responding.
Behavioral Finance: Daily Forex Outlook: Market feels compelled to believe in green shoots
EUR USD (1.3025) Optimism about the US economy has sparked a rise in the US Treasury yields, a rally in the stock market and a higher dollar index. This is in sharp contrast to a just a week ago when a Wall Street Journal article dwelling on the possible new options the Fed may employ […]
Behavioral Finance: Daily Forex Outlook: The gap between periphery and core
EUR USD (1.3175) The OECD’s upbeat evaluation of the future path of eurozone economic development did not prevent many market commentators mulling the prospect of further debt problems in the periphery.
Daily FX Technical Strategy: Cross focus as USD consolidates
As the dollar unwinds intraday overbought signals at the start of the week, crosses have drifted off the sidelines but without suggesting a consistent story. EUR/GBP rallied sharply but this move must be kept in context of the downtrend of the last 10 months.