Tag Archives: ZAR
Currency Weekly: US poll: MXN will rock and roll
For currency markets, we believe USD-MXN is the best way to express a view on the outcome of the US election and the subsequent fiscal debate. Other candidates are deficient for various reasons.
FX G10/EM Morning Trader Views
EUR – Trading the range extremes well this week. Failure at 1.2880 Monday saw 2 days of decent short covering and corp demand which pushed us to that key 1.3020/30 resistance topside.
FX G10/EM Morning Trader Views
EUR – Whipping around on a 1.29 handle with a stop run to 1.2972 in asia but still opens up in ldn soft around this 1.2915 lvl. Feels like the unresolved issues in greece weighing on the eur slightly with potential for this to grow during the week.
FX G10/EM Morning Trader Views
EUR – Chopping the mkt to pieces in this 1.29/1.3030 range – After a gd test and fail yesterday at that 1.3030 lvl we wiped the decks of longs to at 1.29155 low on the ldn open this morning.
European FX Daily
– RBNZ unchanged and less dovish than expected – Singapore industrial production disappointed badly in September – UK GDP likely up 0.5% in Q3 – We expect strong data from the US
Americas FX Daily
Spanish voting revives the euro again What happened overnight – Spanish PM Rajoy’s party performs well in regional elections – Japan’s trade data show further deterioration – Canada’s government rejects Malaysian bid for energy assets
European FX Daily
Asian equities down slightly, FX sideways in thin trading – Japan’s trade data disappoint again – Data heavy week ahead
South Africa: Daily FX Technical Strategy – Base-building near 8.50
USD/ZAR ended the week off its two-week lows, and we are looking for a consolidation this week above the 8.50-8.55 support area. Similarly for EUR/ZAR, we expect the recent consolidation near 11.00 (psychological level and previous pivot) to continue.
FX G10/EM Morning Trader Views
EUR – Another day of chopping/consolidation stuck 30 pips either side of 1.29 – My view remains unchanged with a bias to the topside – I remain long looking for an eventual break of 1.2970/1.30 to confirm the recent selling pressure is over and we again target a deeper squeeze.
FX G10 and EM Morning Trader Views
EUR – Stable o/n holding 1.2875/80 (yesterdays dip lows) supporting by some decent demand from custodials and euraud buying from spec and lev
FX G10 and EM Morning Trader Views
G10 EUR – Eur rallies continue to be sold and Friday was no different – we topped at 1.2960 after a woefully weak attempt at breaking that 1.2970 lvl that defines this recent downtrend –
FX G10 and EM Morning Trader Views
G10 EUR (1.2889) – Super Friday looms tomorrow, but before Spain grabs the limelight we still have 24 hours to navigate through choppy waters.