"EUR – what crisis?
Looking ahead, we expect the EUR to retain its resilient tone, even though there is a risk that…Continue
Added by Daologic on April 10, 2014 at 9:30am — No Comments
Monday’s failure at the top of the Ichimoku Cloud proved important yesterday as selling interest returned to the cross. The resulting strong decline- the most aggressive of this month – took EURGBP through the bottom of the Cloud and to the most negative levels for 5 weeks. Intraday signals for sentiment are oversold but rallies should now be temporary and limited with potential to .8215, then .8189.…Continue
Added by Alan Collins on April 9, 2014 at 8:47am — No Comments
"EURUSD: The pair itself was net sold, but flows through the euro overall
were finely balanced. Hedge fund sellers ran into corporates on the bid.
USDJPY, EURJPY: The yen was net sold in aggregate, but USDJPY flows were
USDCHF, EURCHF: The Swiss franc was net bought, both through EURCHF and
USDCHF. Turnover was only 82% of normal though, and hedge fund…
Added by Daologic on April 1, 2014 at 5:29am — No Comments
The steady grind to retracement support at 0.8160 occurred with a basing in momentum. The recent break above 0.8305 (declining resistance) is now gaining support from a potential roll upwards in momentum.
This break above 0.8305 could trigger larger up-moves (to mirror the rally from mid 2012), but the…
Added by Daologic on March 28, 2014 at 6:00am — No Comments
The EURGBP continued its bullish momentum yesterday , printed support at the 0.8343 levels . This development leaves the pair targeting the 0.8400 levels where a breach is likely , If seen , It will target the 0.8450 levels , a halt is likely , but break of the 0.8450 levels would open 0.8500 next , further upside will aim the 0.8540 levels .
On the downside , support comes at the 0.8380 levels ahead of the 0.8343 levels ( main ) , losing the 0.8343 levels on a daily closing basis…Continue
Added by Haitham653 on March 25, 2014 at 7:58am — No Comments
"GBP – how strong is it really?
The Bank of England tends not to make a habit of talking about sterling. However, the minutes of the December MPC meeting contained the phrase that “any further…Continue
Added by Daologic on March 24, 2014 at 11:13am — No Comments
With both the trending and momentum indicators below their respective
moving averages, there’s scope for more downside, with supports at
1.3722 and 1.3664. Resistance is at 1.3858 ahead of 1.3967.
USDJPY NEUTRAL Near-term resistance is at 102.79, a break above this would open 103.76.
Support is at 101.20, a break below this would expose 100.76.
Having tested this morning the support…
Added by Daologic on March 24, 2014 at 9:47am — No Comments
With EUR/USD possibly losing upward momentum as it approaches 1.40, it may be better to sell EUR/GBP to express a long GBP view, especially with the FOMC potentially creating volatility in USD. The chart below suggests that the rates spread favours some decline in EUR/GBP. "…Continue
Added by Daologic on March 19, 2014 at 6:30am — No Comments
Added by Daologic on March 17, 2014 at 8:30am — No Comments
With bullish conditions in place, there’s more upside potential to test the
critical resistance at 1.4052. Any setbacks in the interim will be corrective
and limited to support at 1.3834 and then 1.3780.
USDJPY NEUTRAL The latest decline was staged from the important resistance at 103.65.
Support is at 101.20 ahead of 100.76. Near-term resistance is at 102.18.
GBPUSD BULLISH The recent setback doesn’t…
Added by Daologic on March 17, 2014 at 7:46am — No Comments
"Trading Summary | While the air above is thinning, we hold to our long EUR/USD tactical view. GBP/USD has more upside and this may pressure EUR/GBP lower. European currencies remain favoured over Asia FX as investors chase risk adjusted carry returns in a vol crushed world. Stay with long GBP/JPY as the BoE falls further behind in the Race Not to Tighten First. USD/CAD to trade lower initially as spot catches up with rate spreads.…Continue
The EURGBP maintained a bullish momentum last week , printed support at the 0.8289 levels . This development leaves the pair targeting the 0.8440 levels , a halt is likely , but break of the 0.8440 levels will turn focus on the 0.8520 levels , further out will aim the 0.8600 levels.
On the downside , support comes at the 0.8289 levels , sustained trading – weekly closing – below this level will turn outlook neutral and open the 0.8203 levels ahead of the 0.8157 levels , before the…Continue
Added by Haitham653 on March 17, 2014 at 7:00am — No Comments
Any setbacks will be viewed as corrective and limited, with supports at
1.3812 and 1.3708. Resistance is at 1.3915, a break above this would
extend the strength to 1.4052.
The important resistance at 103.65 was tested on Friday and a close above
this will be positive, opening the way to 105.44. Support is at 102.48
ahead of 101.20.
GBPUSD BULLISH The recent setback doesn’t change…
Added by Daologic on March 12, 2014 at 6:56am — No Comments
"Minors Attract Inflows
Flows: Reaching for yield
We were net buyers of AUD and NZD last week - the former due to a sudden improvement in domestic economic data, the latter on the likelihood of an imminent RBNZ rate hike. Buying pressure was also seen in sterling and the Nordics, while the Swiss franc suffered the worst of the outflows. In the EM space, the Singapore dollar came under the strongest selling pressure,…
Added by Daologic on March 11, 2014 at 10:00am — No Comments
Any setbacks will be viewed as corrective and limited, with supports at 1.3812 and 1.3708. Resistance is at 1.3915, a break above this would extend the strength to 1.4052.
The important resistance at 103.65 was tested on Friday and a close above this will be positive, opening the way to 105.44. Support is at 102.48 ahead of 101.20.
As bullish conditions persist, there’s…
Added by Daologic on March 11, 2014 at 9:00am — No Comments
Added by Daologic on March 11, 2014 at 8:31am — No Comments
EURGBP gains may not extend too far despite s strong rally in the cross through the latter part of the week. The 40-day MA has yielded but that has not been a good trend guide for the market in the past few weeks. The broader downtrend remains intact—a succession of lower lows and lower highs since the middle of last…Continue
Added by Daologic on March 10, 2014 at 5:47am — No Comments
Thursday’s sharp advance reinforces the bullish trend as it closed above 1.3827. There’s scope for more upside to break above 1.3893 and then open the way to resistance at 1.4052. Support is at 1.3708.
The pair advanced on Thursday to bring our focus on the resistance at 103.65. A close above this will be positive, opening the way to 105.44. Support is at 102.12 ahead of 101.20.
Added by Daologic on March 7, 2014 at 8:17am — No Comments
There’s scope for extension of the corrective phase in the near-term, with
supports at 1.3692 and then 1.3610. Strong trendline resistance intersects
today at 1.3827.
While resistance holds at 102.83, there’s scope for resumption of
weakness as the trending indicators are bearish. Support is at 101.20
ahead of 100.76.
As bullish conditions persist, there’s…
Added by Daologic on March 6, 2014 at 8:04am — No Comments
"EURUSD BULLISH The important trendline resistance at 1.3830 held well last Friday to prompt a setback. Only a close above this level would be positive, opening 1.3893. Support is at 1.3694 ahead of 1.3643.
USDJPY BEARISH The latest weakness suggests there’s scope for further extension of the decline to break below support at 100.76 and then onto test the critical 99.97. Resistance is at 102.83.
GBPUSD BULLISH As bullish conditions…
Added by Daologic on March 4, 2014 at 7:54am — No Comments