The EUR/USD has finally moved higher, as traders note some short-covering flows in both the EUR/USD and EUR/JPY. The move up in Asian equities has encouraged USD selling across the board and the next level of resistance on the EUR/USD is found at … 34 Vote(s) Read More FX EUR USD Short covering noted as [...]
Posted in FX News | Tagged as, broadly, covering, eurusd, fx, noted, offered, short, usd
GBP/USD had an interesting week as the battle between bulls and bears continue to intensify in the 1.55 area. The support level actually runs from the 1.53 to 1.55 area, as it is a 200 pip support zone. The area is also the neckline of a massive … 31 Vote(s) Read More Weekly FX Forecast [...]
Posted in FX News | Tagged 2, 2012, Forecast, fx, january, weekly
Comments out of Spain proclaiming a recession looks to be weighing on sentiment. Technically, USD/JPY is little changed, still holding mostly above its Ichimoku tenkan line since November 23 (moves below have been mostly brief and limited except on the … 26 Vote(s) Read More FX USD JPY Little changed but market a bit more [...]
Posted in FX News | Tagged a, bit, but, changed, fx, little, market, more, riskoff, usdjpy
Price action was fairly muted overnight as markets prepare for the holiday season, and with the lack of headline data releases in Asia we expect to see a fair amount of range bound trading. Nevertheless, risk assets could benefit from the better than expected US jobless data. Read More Neutral Sentiment Set to Direct Action [...]
Posted in FX News | Tagged action, direct, fx, in, neutral, sentiment, set, to
Yesterday’s session was headlined by the SNB’s latest monetary policy meeting, amid swirling rumours of a rise in the EURCHF exchange rate floor. Instead however, Swiss policy makers opted to keep policy unchanged, leaving interest rates at 0.00% and the EURCHF floor at 1.2000. The statement offered very little new Read More FX Markets Begin [...]
Posted in FX News | Tagged 13000, above, as, back, begin, creeps, eurusd, fx, holiday, lull, markets
The markets continue to be under-impressed with the Eurozone and its attempt at a plan. In fact the ?risk-off? bias of markets has seen equities, Eurozone peripheral bonds, and risk positive currencies such as the EUR and AUD begin to sell off at an increasing rate. This is partly driven Read More FX Markets DeLeveraging, [...]
Posted in FX News | Tagged deceased, deflation, deleveraging, deterioration, fx, markets
The Euro took a massive hit in confidence yesterdays as news that Germany’s bund auction technically was a failure. If anyone needed further evidence that the crisis in European peripherals was spreading into the core, well this was clearly it. European yield spreads actually contracted, however for the wrong reasons, Read More FX Risk Consolidates [...]
Posted in FX News | Tagged consolidates, fx, holiday, in, market, risk, thin
When it rains it pours. The bad news just kept on coming in yesterday’s trading session. Risk reduction was the primary theme in the market, as worries over European debt crisis mounted and growth concerns returned. The day started with Greek Prime Minister Papandreou calling for a confidence motion this Read More Greek Referendum Pledge [...]
Posted in FX News | Tagged fx, greek, in, mode, pledge, puts, reduction, referendum, risk
Intensified downside risks to growth were noted and a rate cut was debated but inflation risks were deemed balanced, leaving the door open to a cut at some point. The BOE announced its second round of quantitative easing earlier and larger (GBP75bn) … 33 Vote(s) Read More Morning FX thoughts 07 Oct 11
Posted in FX News | Tagged 07, 11, fx, morning, oct, thoughts
NZD rose from 0.8119 to 0.8240 before falling to 0.8160. AUD/NZD continued its multi-day decline to 1.2550. AUD/USD and NZD/USD outlook next 24 hours: AUD momentum remains negative and any 1.0480 remains major resistance above. … 28 Vote(s) Read More Morning FX thoughts 13 Sept 11
Posted in FX News | Tagged 11, 13, fx, morning, sept, thoughts
