Tag Archives: ZAR
FX G10 and EM Morning Trader Views
G10 EUR (1.2869) – seemed to be no shortage of negatives emanating out of Europe yesterday, the surprise really was in the timing of the mkt response with EUR again trading in the direction of pain.
FX G10 and EM Morning Trader Views
G10 EUR – Price action remains heavy having completed a series of six lower highs now. Support around 1.2890 is the next region to overcome and this should open a move to 1.2830 which is the 200dma and the 61.8% fib from 1.2626-1.3172 move.
FX G10 and EM Morning Trader Views
G10 EUR – The rollercoaster continues – starting to get to that point where the mkt needs to stand on its own with all the gd news out post BOJ easing, leaving us with a China pmi again below 50, tensions between china and Japan and talks of downgrades to Australia’s aaa rating
FX G10 and EM Morning Trader Views
G10 EUR – Few little eur negatives this morning – first being the failure again at 1.3170 lvl – twice now we have had aggressive pullbacks post heavy buying
FX G10 and EM Morning Trader Views
G10 EUR – Dips remain shallow barring 1 crazy sell off pre the esm vote in Germany yesterday down to 1.2815 – We go into the FOMC today against some pivotal resistance lvls at 1.2950/80/1.30 a break and close above 1.3050 would create further pain for the remaining shorts however its unlikely we see that […]
FX G10 and EM Morning Trader Views
G10 EUR – Consolidation continues as the market awaits the next clues from FED and news from the German court ruling on the Euro rescue fund tomorrow. 1.2800 ish is setting up short term trend resistance from the recent high.
FX G10 and EM Morning Trader Views
G10 EUR – ECB day has arrived, although much was leaked yesterday afternoon sending the eur a quick 100 pips higher. Eur x’s big beneficiaries from the sterilisation and also from the talk on seniority –
FX G10 and EM Morning Trader Views
G10 EUR – Late wild finish to the week in ny with a new high (1.2390) followed by a 100 point retracement – Data all back loaded this week starting with FED (wed) before ECB (thurs) and payrols (Fri.) and let us not forget month end tomorrow –
FX G10 and EM Morning Trader Views
G10 EUR – Mr Draghi was all it took to turn a mkt on its head yesterday – struggling on the days lows at 1.2118 ‘we will do whatever it takes’ ‘managing yields’ – and eurusd never looked back –
FX G10 and EM Morning Trader Views
G10 EUR – Well yesterday turned early on 1 headline regarding the ESM banking license and never looked back – Weak UK data, IFO all mattered not in the face of cutting from lev , spec and ctas –
FX G10 and EM Morning Trader Views
G10 EUR – Weak PMI’s, especially Germany, disappointed the market yesterday and built on the general increased bearish sentiment on Europe and European yields of the last 3 trading sessions –
FX G10 and EM Morning Trader Views
G10 EUR – Consolidation the order of the day yesterday after heavy selling from 1.2270 down on Friday – we made a new low at 1.2067 but took a breather on aggressing further –