Tag Archives: USD/CHF
FX Market Technical Research
EUR/USD has held the initial test of the 55 day moving average, this is located at 1.3084. Rebounds are expected to remain tepid and we look for the Euro to remain under pressure and continue to regard the recent high at 1.3487 as an interim peak.
Behavioral Finance: Daily Forex Outlook: ‘Green shoots’ means no Fed
EUR USD (1.3085) The gain was just a little more than one percent, but it was enough to qualify Friday’s rise in the dollar-index as the largest of the year. The steady rally even accelerated briefly after the better-than-expected US payrolls number.
Behavioral Finance: Daily Forex Outlook: Periphery concerns and growth affect investors
EUR USD (1.3140) Short-term the first support is at 1.3070. Even as low as this, the euro’s recent exit from its sideways consolidation could turn out to be a false break. Below there, however, we would favour a further slide to 1.2930.
FX Market Technical Research
EUR/USD has eroded the 2 month uptrend support, this has yet to generate much of a sell off, and the market is finding some support from the top of cloud at 1.3096. This is expected to be eroded, technical indicators are negative – the daily RSI is breaking down and the daily DMI has a […]
Daily FX Technical Strategy – Kiwi takes flight
The combination of a slightly stronger USD and slightly weaker stock markets has undermined base metal prices and aluminium in particular. In FX markets, commodity currencies reflect this developing risk-off theme.
Behavioral Finance: Daily Forex Outlook: Market impatient for LTRO2 impact
EUR USD (1.3195) After the first tranche of LTRO was disbursed some observers heralded it as a panacea for the eurozone economy. Later a sort of consensus emerged that the funds had successfully relieved the funding stress of the eurozone banks.
Behavioral Finance: Daily Forex Outlook: Collateral debate dents euro sentiment
EUR USD (1.3195) Bundesbank head Jens Weidmann’s letter to the ECB voicing his concerns about the latest loosening of collateral requirements for the LTRO2 has unleashed a debate that can hardly be confidence-inducing for the euro investors.
Daily FX Technical Strategy – USD upside potential
Last week was a good one for the dollar as the USD Index posted a reversal week against important retracement levels. The implication is that the 2012 downtrend is over and further USD strength should be expected this week.
Technical Analysis – FX Daily Majors
Today’s highlights: · DXY: Through trend resistance from the 2011 peak with risk to the 55-DMA, 79.69. A close above would aim through the mid-Q1 spike high 80.12, closer to topping barriers, 80.50/70 (threat to 2012 peak, 81.78)
Behavioral Finance: Daily Forex Outlook: Oil is the market’s tinderbox, not Greece
EUR USD (1.3300) The decline in bond yields in Spain, France, and particularly in Italy (where it is reported that as much as one quarter of the LTRO2 money went) testify to the success of the ECB’s lending operation.
FX Market Technical Research
EUR/USD’s key day reversal on Wednesday could mark the end of the recent bullish consolidation phase. Therefore expect to see further weakness in the days to come. The 1.3322 early February high is now being eyed.
Behavioral Finance: Daily Forex Outlook: LTRO2 take-up figure will not reveal all
EUR USD (1.3480) A collection of surveys estimating the LTRO2 take-up amount averages out around €500 billion. The figures indicate an attempt by investors to understand an event with repercussions (while generally now confirmed to be positive – Italian and Spanish bond yields are lower) which are nevertheless unrecognisable immediately.