All Blog Posts Tagged 'euro' (377)

TD Securities: EURCAD Technical Outlook

EURCAD trapped in a tight range just below the recent peaks. We had expected limited weakness in the cross despite the minor top/reversal signals seen here last week (shooting start signal) as the broader foundations of the rally in EURCAD remain positive—strong underlying trend momentum evident across a range of…

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Added by Daologic on February 26, 2014 at 3:57pm — No Comments

Hold EUR/JPY and EUR/USD long trades

Yesterday we bought EUR/USD from 1.3745 and EUR/JPY from 140.93. I suggest holding those trades with the same profit and stop targets like I described yesterday.

 

In case EUR/JPY starts reversing, wait for the pair to break the support barrier at 139.00 and sell only then. I still think that we will hit the weekly top at 145.47, make a double top and only then we might retrace a bit further.

 

GBP/JPY is stuck in the same whipsaw channel between 171.80 and…

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Added by Thom Grey on February 25, 2014 at 8:02am — 3 Comments

Buy EUR/JPY and EUR/USD

We bought EUR/JPY from 140.93 and GBP/JPY from 171.20 on Friday. GBP/JPY didn’t work out, even though I still believe we will see this pair coming up.

EUR/JPY didn’t fall that much and we’re still in a EUR/JPY buy trade from 140.93 with the same stops at 139.93. First profit target is at 141.93. If you haven’t bought this pair, I suggest doing it now, from lower levels (currently it’s at 140.54)

 

I would recommend buying GBP/JPY if it breaks current resistance level at…

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Added by Thom Grey on February 24, 2014 at 7:30am — No Comments

BBH MarketView: Currency Positioning and Technical Outlook: Beware of Breakouts

"Beware of Breakouts

The technical outlook for the dollar against the major currencies is not clear.  Yet, given the key events over the next two weeks, we are suspicious of the market's willingness to sustain breakouts.  This seems…

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Added by Daologic on February 24, 2014 at 7:25am — 1 Comment

TD Securities: EURAUD Weekly Technical Outlook

It’s interesting to note that the AUD is shaping up positively on another key cross—versus the EUR. Reversal signs here are not quite so unequivocal as in AUDNZD but EURAUD doe appear to be carving out a potential Head & Shoulders top (neckline trigger currently 1.4972—coinciding with the major high/low pivot…

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Added by Daologic on February 24, 2014 at 6:57am — No Comments

TD Securities: EURUSD Weekly Technical Outlook

" EURUSD’s short-term bias is constructive, with spot holding above key short and medium-term moving average signals. But we are struggling to really get too excited about topside prospects from here. Daily trend momentum is positive though the oscillator studies are rather flat and are not really displaying the…

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Added by Daologic on February 24, 2014 at 6:30am — No Comments

ANZ Global FX outlook: EURUSD

Overlapping price action since the test of 1.3890 could be seen as a consolidation before a push through declining resistance (now 1.3850) and a burst towards at least 1.40 or even 1.45.

However, momentum is unconvincing and the overlapping price action could equally indicate that a broad and frustrating…

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Added by Daologic on February 20, 2014 at 6:11am — No Comments

Move stops of GBP/USD sell trade from 1.6705 to break even.

We sold GBP/USD from 1.6705 yesterday and our stop loss was set at 1.6755. Stop loss wasn’t hit and now we have a floating 13 pips of profit. I suggest moving your stop loss order to break even and waiting for the profit target at 1.6620. In case the price starts moving in a whipsaw pattern, it’s better to stay on the safe side.

 

EUR/USD is also moving north without even falling back and I suggest buying this pair on dips. One such opportunity is just near 1.3713 level (daily…

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Added by Thom Grey on February 19, 2014 at 7:42am — No Comments

RBS: EUR balance of payments very strong

"The EUR continues to trade strongly as a vehicle to express a weaker USD and risk haven from emerging currencies that appear to have had a set-back with evidence that China is tightening policy to control credit growth. This has been discussed and predicted in recent days by my China strategy colleague Gao Qi. He continues to see upside pressure on Chinese rates as discussed in his report (Next 24 hrs in Asia).

 The external balance data for the Eurozone remains very strong. Reported on…

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Added by Daologic on February 19, 2014 at 7:20am — No Comments

TD: Morning FX Outlook :EURUSD searching for direction

"FX Set-up: Searching For Direction

EURUSD is nudging back towards the upper end of the recent trading range but without much of a strong sense of conviction; German data today was a little disappointing…

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Added by Daologic on February 18, 2014 at 1:30pm — No Comments

Sell EUR/USD and GBP/USD on breakouts

EUR/USD has been moving near resistance levels for three days already without clear or aggressive movement north or south. I suggest selling it only after it breaks current daily support at 1.3688 with stops above 1.3726. Sell two positions with profit targets at 1.3650 and 1.3620. In case the price moves in a whipsaw pattern and pushes out our stops, don’t sell this pair anymore. EUR/USD may as well be in the accumulation mood looking for higher highs.

 

GBP/USD is also…

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Added by Thom Grey on February 18, 2014 at 7:24am — No Comments

RBS:Sterling Strategy Weekly: GBP Gains Can Continue

"While the tone of last week's BoE Inflation Report was as dovish as we had expected, we clearly didn't get the change to the guidance framework that we had anticipated. The BoE chose to abandon 'explicit' forward guidance, prompting a repricing of market policy rate expectations. We have not changed our forecast for Bank Rate (first hike in Q3:15) but acknowledge that the risks have shifted towards an earlier move (Q2, or even Q1, 2015). Our colleagues in UK Economics conclude that the…

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Added by Daologic on February 17, 2014 at 2:14pm — No Comments

Rabobank FX: EUR/USD - how high?

"EUR/USD – how high?

 EUR/USD is holding just above the EUR/USD1.3700 this morning, propelled by the soggy tone in the USD.  The dollar…

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Added by Daologic on February 17, 2014 at 10:30am — No Comments

UBS Morning Adviser: FX Technicals-Majors

"EURUSD NEUTRAL Any further recovery will find resistance at 1.3739. A close above this would be a bullish development opening the way to 1.3893. Support is at

1.3562 ahead of 1.3477.

USDJPY NEUTRAL Support is at 100.76 ahead of 99.97. Resistance is at 102.70 ahead of 103.65.

GBPUSD BULLISH Further support developed as the pair advanced sharply and is trading within striking distance of resistance at 1.6878. A break above which would open critical 1.7043. Support is at…

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Added by Daologic on February 17, 2014 at 9:38am — No Comments

Forex Oracle of the Week Contest -Place Your Calls For EUR/USD Friday's London Open Price

Rules:

1. Remember to place here you calls for EUR/USD  price for Friday 21 February- 2014 London Open at 7:00AM GMT.

2. Just place ONE forecast, example: EUR/USD at 1.3585.

3.…

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Added by Daologic on February 17, 2014 at 8:54am — 24 Comments

RBSM:Key Global Currency Themes This Week | Central Banks Underwhelm

"Trading Summary | Stay with stronger EUR/USD as the ECB dithers on easier policy and US data fizzles. With event risk from the BoE Inflation Report now passed, GBP strength can continue. We reaffirm our 1.69 end-Q1 target for GBP/USD, but see increased overshooting risks for the coming month. NOK price action remains constructive, with a move back in line with its traditional drivers ongoing. Further outperformance is likely on a…

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Added by Daologic on February 17, 2014 at 7:37am — No Comments

TD Securities: EURUSD trade strategy

"EURUSD is displaying a little more obvious strength this week as the market has pushed through, and held above, the 100-day MA and minor resistance off the late December high. What it still lacks though is a stronger sense of conviction that this move up will prove durable. On the face of it, moves are positive.…

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Added by Daologic on February 16, 2014 at 9:30am — No Comments

TD: Morning FX Outlook:FX Set-up: EURUSD—Aimless

"FX Set-up: EURUSD—Aimless

If EURUSD manages to stay better supported today and close out the week positively, it will be the first time since mid-December that there have been two…

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Added by Daologic on February 14, 2014 at 1:30pm — No Comments

Sell EUR/USD from 1.3668 and GBP/USD from 1.6638

Yesterday we were selling EUR/USD from 1.3658. Stop loss was moved to 1.3653 and it was hit shortly after my signals. Well, better safe than sorry...We still got 5 pips.

EUR/USD has reached daily tops near 1.3705 after yesterday’s quick climb up from 1.3563. Today is Friday and I suggest using the opportunity and selling it again from lower level near 1.3668. Sell two positions with stop loss at 1.3706. Initial profit target must be placed near 1.3630. Don’t sell guessing tops, as it…

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Added by Thom Grey on February 14, 2014 at 8:11am — 1 Comment

Keep EUR/USD short trade from 1.3658 with stops at 1.3653

Yesterday we sold EUR/USD from 1.3658 and closed one position at our initial profit target at 1.3610. First target was hit bringing us 48 pips of profit. Right now I suggest keeping your last position with the same profit target at 1.3500. Move stops to 1.3653, in case EUR starts appreciating against the USD aggressively.

I also recommended selling USD/JPY and EUR/JPY…

 

We sold two USD/JPY positions from 102.37 with first profit target fixed at 102.02. It was…

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Added by Thom Grey on February 13, 2014 at 7:30am — No Comments

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