Tag Archives: USD/JPY

FX Daily Majors

Today’s highlights: EURUSD spotlight remains firmly on its 200-day average at 1.3636/35, below which would add weight to thoughts of a larger top.

The Global Macro Pulse

The dollar is similarly mixed. EURUSD has drifted down to 1.3646 and USDJPY is up to 101.77, but AUDUSD has recovered early losses to trade at 0.9243.

UBS Morning Adviser

Leap-frogging the Australian Dollar FX reserve managers and sovereign wealth funds are adding renminbi to their portfolios,

FX Daily

German IFO and US new home sales will be the main data to watch. We look for a small rise in the German IFO, pointing to continued robust growth inGermany.

Daily Market Technicals

EUR/USD continues look heavy with lower daily highs weighing, but support remains on approach to the 200-DMA. Bulls now look for a close back above the $1.3688 level to

USDJPY – bull hammer threatens bearish break; watch 101.62/35 on close

There was a bullish hammer reversal yesterday below the flag/pivot breakdown level; a close above 101.62 today would confirm the reversal and

USD/JPY Analysis

The pair opened at Y101.73 this morning after a Y101.54 to Y101.82 range last night in the US. It started out with small gains, pushing through the overnight high and

Daily FX Wrap and Strategy

The NZD/USD sits at a similar level this morning, around0.8560.The NZD/AUD came under initial heavy selling pressureafter the release of a stronger than expected HSBC ChinaPMI yesterday afternoon.

We advise against selling the EUR in the very short-term. This is due to the heightened risk of the ECB disappointing elevated market expectations, especially when it comes to cutting the deposit rate to negative.

Daily FX Update

Markets are relatively quiet as global PMIs suggest ongoing expansion in both manufacturing and services with some evidence of deceleration.

FX Daily Majors

Today’s highlights: EURUSD spotlight remains on its 200-day average at 1.3635, below which can add weight to a large bearish “wedge” scenario.

Daily Technical Report

EUR/USD successfully tested the strongsupport at 1.3643 (see also the 200 day movingaverage) yesterday. However, a break of theinitial resistance at 1.3732 is needed to confirm ashort-term exhaustion of the selling pressures.