Euro finds new reason to rally | Japan's Abe puts BOJ on notice | Aussie dollar edges lower
Chris Gore | Dec 19 | GoMarkets
The Euro rallied to a fresh monthly high of 1.3188 as Spain sold EUR 3.52B in short-term debt, with the six-months bills yielding 1.6309% versus the 1.669% offered last month, but the ongoing threat for contagion may produce further headwinds for the single currency as the periphery countries struggle to get their house in order.
David Song | Dec 19 | DailyFX
Drift: Very much like the USD/JPY, the EUR/JPY is also drifting higher after filling the opening gap noted in the previous update. At this point, a break below 108.60 is a sign of consolidation/correction. However, bullish continuation has the 2012-high of 111.42 in sight in the very short-term. There is a lot of room above that to run, as the 200-week SMA resides at 115.
Fan Yang | Dec 19 | FX Times
Bullish trend: Since breaking above a falling channel on 12/11, the EUR/GBP has been in a bullish trend for a week or so. The 1H chart shows a rising trendline support holding up price action. The RSI has been tagging 70 and holding above 40, reflecting bullish momentum.
Fan Yang | Dec 19 | FX Times
The pair is seen reversing its Monday losses, suggesting it could recapture its psycho level at 1.3200 level. A cut through here will create scope for more strength towards the 1.3282 level, its may 01'2012 high. Further out, resistance resides at the 1.3350 level. Its daily RSI is bullish and pointing higher supporting this view.
Mohammed Isah | Dec 19 | FX Tech Strategy
The Euro is struggling to hold its ground on Monday as the Bundesbank warns of a 'perceptible decline in economic activity,' and the deepening recession in Europe continues to cast a bearish outlook for the single currency as the European Central Bank (ECB) looks to carry its easing cycle into the following year.
David Song | Dec 18 | DailyFX
Opening gap: The standard US MT4 chart shows a gap in many of the Japanese yen pairs. Looking at the USD/JPY there was a relatively large gap to start the week, pushing price above not only last Friday's (12/14) high, but also above the previous 2012-high. However price action retreated during the 12/17 Asian session, essentially filling up that opening gap.
Fan Yang | Dec 18 | FX Times
With EUR overcoming the 1.3125 level on the back of its strong rally the past week, further upside offensive is likely in the new week. The immediate target resides at the 1.3171 level with a breach of here resuming its broader uptrend towards the 1.3282 level and possibly higher towards the 1.3350 level.
Mohammed Isah | Dec 17 | FX Tech Strategy
Aussie dollar outlook | The transatlantic week ahead | Fiscal apocalypse is nigh | Japan's Shinzo Abe returned to power
Chris Gore | Dec 17 | GoMarkets
Breakout extension: The USD/JPY started to break from its recent consolidation range during the 12/12 session, when we had the FOMC and Bernanke event risks. This breakout has extended into now the 12/14 Asian session, nearing the 84.00 handle at 11:00PM EST. The rally has brought the RSI above 70 again, a sign of persistent bullish momentum, though it does almost due for some consolidation again.
Fan Yang | Dec 14 | FX Times
The post-Fed optimism seen Wednesday all but faded overnight with markets refocusing their gaze on the impending fiscal cliff. Currencies - in part - reflected a mild risk-off demeanor, with the greenback edging slightly higher following Wednesday's Fed induced slump.
Chris Gore | Dec 14 | GoMarkets
The With USDCAD weak and vulnerable, further decline is likely in the days. This leaves it targeting its psycho level at the 0.9800 level. Further down, support comes in at the 0.9692/31 levels where a breach will call for more declines towards the 0.9500 level. Its daily RSI is bearish and pointing lower supporting this view.
Mohammed Isah | Dec 14 | FX Tech Strategy