Tag Archives: USD/JPY
Daily Technical Report
EUR/USD has broken the strong support at1.2755 and is now challenging the one at 1.2662.
$ remains in demand despite the severe stretch.
EURUSD: The upside correction attempt basically ended beforegetting started as selling ahead
FX Daily
n the euro area, the main event will be the release of preliminary Germanconsumer prices for September.
Daily Market Technicals
The Bollinger band base appears to be limiting downside follow through but bears remain firmly in control as the EUR/USD hovers precariously above the Nov 2012 monthly low.
Daily FX Update
Today’s end of week session is off to a relativelyquiet start; with the USD mixed as commodity currencies outperform;
The Global Macro Pulse
US: Q2 GDP (T), Consumer Sentiment: We expect second quarter growth will be revised up to 4.6% from the current 4.2% reading,
USDJPY – small wave-4 consolidation still underway, then 110
The call for a wave-4 still stands but there is a case for a more shallow correction (a flat or triangle).