Tag Archives: USD/TRY

$ recovering ahead of FOMC

EUR/USD: The market has now, with the 1.3733 drop, likely adjustedthe positioning ahead of tonight’s FOMC meeting.Yesterday’s price action,

Extended losses for commodity ccy’s.

EUR/USD: With also a third consecutive day failing above the 1.3803equality point (between the July/Aug & Sep/Oct rise) buyersappears to be running out of steam.

EMEAFX Commentary

PLN FX: EURPLN very subdued in spite of the concerns in the market elsewhere. We tried a few timesto break the 200 day ma (4.20) yesterday without success,

GBP/USD trades into resistance at 1.6300-80. BTP widens spread against Bunds

EUR/USD: The market continues to move sideways. Outside 1.3440- 1.3569 is needed to show sellers’ or buyers’ initiative. 1.36.95\1.3711 is the next attraction/resistance area above and

JPY & CHF in demand. EUR/SEK soon seen higher.

EUR/USD: With the attempt to move up to a fresh high failing to do so only four points short of a minimum target opens up for a possible so called truncated fifth wave.

Scandies look weak while the pound and the euro stronger – today at least

EUR/USD: Over the five recent sessions the small net move lower looks correctional. If breaking 1.3555 this would become even clearer and

More AUD bearish signs, USD/JPY bid

EUR/USD: Even though the initial attempt lower, breaking below 1.3276/82 was surprisingly reversed for a second test of the 61.8% Fibo resistance, 1.3321,

Mainly corrective forces at play. Ended yen correction

EUR/USD: After the marginally new low was set the market entered the outlined upside correction phase.

SEK make or break day, $ & AUD firmer

EUR/USD: The reaction back up to 1.3218 at least fulfilled the minimum criteria for a minor correction even though we think 1.3237/55 would have fitted better.

Bigger crises have had more innocuous beginnings

– Watch for any breach of the ‘the firebreak’ that exists between large C/A deficit and surplus countries.

The Global Macro Pulse

The G10 commodity bloc remained under pressure in Asian trading ahead of the FOMC minutes. AUD and NZD fell 0.6% to 0.903,

The Asian story – from China to Japan There have been two big stories in the financial markets recently. On the one hand, there is the continued slowdown in the Chinese economy and fears of a further slowdown.