Tag Archives: USD/NOK
Renewed $ buying? $/JPY completed bull triangle?
EUR/USD: The break of 1.3320 didn’t attract sellers enough to also pass the 1.3299 key support hence the market soon bouncing back into the prior range.
Nordic Outlook: Global recovery set to continue
It notes recently improved prospects of a stronger global recovery, with leading indicators for most industrialised countries showing greater household and business confidence.
EM currencies remains much exposed
EUR/USD: After lackluster trading yesterday, directional hints aren’t exactly amassing. The suggested near-term bearish wave count is one possibility but
US Morning Update
Major Overnight Headlines • German GDP confirmed at 0.7% QoQ in Q2; UK GDP revised up to 0.7% QoQ from 0.6%
Risk appetite still not a major FX driver
Correlations between general risk appetite/equities and currencies have been unusually low for quite some time.
Daily FX Update
ECB & BOE ON HOLD; DRAGHI TO RETAIN DOVISH TONE • USD is strong after the FOMC made only minor changes, China’s PMI is strong at 50.3;
Continued $ strength, EUR/NOK pause (buy the dip)
EUR/USD: With the break back below the 1.3202/3243 support area we can with a relatively high degree of certainty point at a completed three wave upside
PMI data in focus, still risk of a further correction lower in NOK/SEK
In this note we take a closer look at the key events in the three Nordic countries over the coming week. For our global macro movers and financial forecasts.
Technical Focus: Long-term technical update
EUR/USD: The pair was last month refused extension below a medium-term important bearish trigger at 1.2661 and instead added a net bullish print.
Which is wrong – USDNOK or energy markets?
USDNOK has failed to take the lead from the huge sell-off in energy prices. History shows that this divergence is not likely to last long – with the most likely path one of USDNOK higher.
Technical Alert
EURUSD is stuck in a 1.2955-1.3135 range. Overall short-term picture remains tilted to the downside so any break back below 1.2980 should be watched… next target for USDJPY is located at 97.55…
A monthly run through the long-term charts
The euro is still facing headwinds and German yields are still trending lower The ECB EUR index has been allowed a correctional lift to re-check into the lower end of the still sharply falling 12mt Moving Average band, which represents resistance together with a 2009-2012 descending top line and the 2010 lows near the 100-mark.