Tag Archives: USD/ZAR
Continued AUD, SEK & ZAR weakness
EURUSD: For the fourth consecutive day the market ended basicallyunchanged but with intraday spikes on both sides.
Look for confirmation of a correctional low in GBP/USD
EUR/USD remains stuck in the 1.3512\1.3588 range. A correctional GBP/USD low is likely not far off, possibly already at 1.6938/22.
JPY on a strengthening path, EUR/NOK downturn
EURUSD: Friday’s attempt higher ended already at the 1.3580resistance with a relatively impulsive decline.
€uro comeback? AUD/NZD resumed its downtrend.
EURUSD: The return back inside the 55d Bollinger bands is yetanother sign that a short term development should be amove higher.
Stronger yen, lower cable and a NOK/SEK setback
EURUSD: After yesterday’s decline (and close below 1.3586) it is clearthat last Thursday’s spring bottom was unable to attractbuyers enough to sustain the move to 1.3734/50.
€uro rebound seen continuing
EURUSD: Thursday’s spring bottom and key day reversal shouldcontinue to underpin upside attempts and
USD/JPY correction target met, NOK/SEK @ support
EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us.
Looking to sell EUR/JPY, NOK/SEK turning up
EUR/USD: After a minor consolidation, a bear flag, the market brokedown to a fresh low, 1.3749. With the market how havingfallen 161.8% of the first, Mar 13-14,
USD/CHF a buy? NOK buying drying up
EUR/USD: The past week’s inactivity has created a contracting range, abull triangle and as such the best fitted move will be a breakto the topside.
The Global Macro Pulse
The dollar is little changed against the majors, but slightly weaker against EM Asia currencies. AUDUSD is at 0.9024, off its overnight high in US trading, EURUSD is flat at 1.3736,
Sell CAD – buy JPY. Buy €/SEK on a 8.90/91 dip
EUR/USD: With an hourly three wave decline, 1.3774 – 1.3725, the pairis poised for making at least one more high before endingthe current phase.
Exploiting positioning imbalances in EM FX
A run of weaker US key economic data (ISM, home sales, non-farm payrolls) has moderated Fed policy expectations somewhat, and provided some support for EM FX of late, with average gains of around 2% vs the USD month to date.