EUR/GBP comes back south after fleeting euro-phoria

Feb 23, 2015 08:42 am UTC| Technicals

EUR pressured since Europe open, crossfalls to 0.7368 Pre-weekend high was 0.74295on Greek/euro zone deal Asia range was 0.73895-0.74045 EUR/GBP bids likely around 0.7340 (Fridays 7year low, before...

GBP/USD looks at 1.54 resistance

Feb 23, 2015 08:40 am UTC| Technicals

Cable meets headwind pre-1.54 after strengthening from 1.5375 (early Europe low) Stops below 1.54 were tripped on Friday, on the way to 1.5343 1.5430 = pre-weekend rally high from 1.5343. Asia range:...

USD/SGD moves higher

Feb 23, 2015 08:38 am UTC| Technicals

USD/SGD seen moving higher into European dealings Lower EUR, Finmin comments lifted pair above 1.3610 Finmin sees inflation close to 0% in 2015 USD/SGD last 1.3614-19, traded 1.3615 high last Break...

EUR/JPY remain short despite challenges

Feb 23, 2015 08:37 am UTC| Technicals

Long tail on Fris candlestick line an obstacle for bears Failure to perform a daily close sub 134.20 - 38.2% 130.16-136.70 weighs 133.43 - 50% 130.16-136.70 Market needs daily close 134.20 to fade the...

EUR/GBP shorts target long-term fibo at 0.7256

Feb 23, 2015 06:53 am UTC| Technicals

Crosss bounce was short lived on Friday Prices have eased back below 0.7400 7 year lows at 0.7340 from Friday ready to return under pressure Continue to target the long-term 61.8% fibo by 0.7256 (of...

USD/SGD stable

Feb 23, 2015 06:49 am UTC| Technicals

USD/SGD remains firm above 1.3600, extended deflation strengthens further Jan inflation -0.4%y/y vs expected -0.3% and -0.2% previous Data sees chance of further easing by MAS in April USD/SGD last...

GBP/USD short in play

Feb 23, 2015 06:46 am UTC| Technicals

Pair moving lower in favor of the 1.5400 short trade Requires to beat tenkan line which support the market last week (Wed/Fri) Last weeks rally halted at 1.5480, just 1 pip ahead the 1.5481 fibo 23.6% of...