GBP/USD moving up towards 100DMA
Feb 25, 2015 09:43 am UTC| Technicals
Real money demand for GBP flagged as factor in pair rise to 1.5538 1.5538 = highest level for cable since Jan 2 Risk of sooner than expected BoErate hike = key source of support for GBP 1.5574 (100DMA) ...
EUR/JPY looks to fade recovery moves
Feb 25, 2015 09:34 am UTC| Technicals
Long tail on Fridays candlestick line is a drawback for bears Failure to perform a daily close sub 134.20 hurts bears 134.20 = 38.2% of the 130.16 to 136.70 up-leg Market require a daily close sub...
USD/CAD let down by lower probability of March 4 BoC cut
Feb 25, 2015 09:32 am UTC| Technicals
Shift in sentiment fuelled by less dovish than expected Poloz 1.2442 = low water-mark since Tuesdays pre-Yellen/Poloz high of 1.2662 1.2422 = Feb 20 low, before awful Canadian Dec retail sales...
Good bids seen but USD/JPY shows no signs of rebound
Feb 25, 2015 09:15 am UTC| Technicals
Exporter selling (spot value month-end) outweighs Gotobi demand Very thin daily Ichimoku cloud 117.96-118.06 Thin clouds usually attract Exporter offers seen around 119.00 Trader stops under...
EUR/SEK falls to cloud top after minutes
Feb 25, 2015 09:13 am UTC| Technicals
Firmer SEK after RB minutes Inflation battle to carry forward SEK slightly firmer EUR/SEKcloud top 9.5040, 10DMA 9.5485, capped for...
EUR/GBP weighed by divergent CB outlooks & Greek concerns
Feb 25, 2015 09:05 am UTC| Technicals
Divergent BoE vs ECB monetary policy outlooks weigh on EUR/GBP Scope seen for BoE hike while ECBQE in full swing Offers likely near 0.7350 (0.73485 = Tuesday top after profit-taking on shorts) 0.7143...
Feb 25, 2015 08:41 am UTC| Technicals
Japanese investor and importer USD/JPY bids layered 118.70-20 Daily Kinsen line and 21-DMA at 118.56 shape initial support Daily Ichimoku cloud 117.96-118.06 Very thin clouds attract Few notable expiries...
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