Dollar Yen Approaches 108 As Nikkei Skyrockets, But Danger Ahead in US Talking Points Japanese Yen: Propels to nearly 108 as Nikkei has biggest rise in months Euro: Bid all the way to 4780 but consumer data disappoints British Pound: Trades off the ...

daily analysis, mid-and long-term outlook

Forex Technical Update Euro: After breaking the strong resistance around 1.4625 levels (200 Hrly EMA) in yesterdays session Euro surged to the levels of 1.4776 before ending at the levels of 1.4757 by close. The charts are in extremely overbought ...

daily analysis, mid-and long-term outlook

Daily FX Forecast EUR/USD Resistance levels: 1.4780/1.4860/1.4920 Support levels: 1.4700/1.4650/1.4550 EUR/USD has risen towards 1.4780 high ( beyond our target at 1.4750 ) yesterday after disappointing Existing Home Sales numbers from USA as it was ...

daily analysis, mid-and long-term outlook

Mid-Day Report: More Downside in Dollar and Yen, Strength in Commodity Currencies Dollar and yen extends weakness further today across the board. Commodity currencies are generally firm following higher stock markets in Europe and US, as well as oil ...

daily analysis, mid-and long-term outlook

EUR/JPY Mid-Day Outlook Daily Pivots: (S1) 153.56; (P) 155.35; (R1) 157.90; EUR/JPY strengthens further today but after all upside is still limited below 157.77 cluster resistance (38.2% retracement of 166.64 to 152.11 at 157.65). Outlook remains ...

daily analysis, mid-and long-term outlook

GBP/JPY Mid-Day Outlook Daily Pivots: (S1) 205.34; (P) 207.90; (R1) 211.20; GBP/JPY was once again supported by double channel support and rebounded strongly from 204.49. As discussed before, downside momentum is seen diminishing in bullish ...

daily analysis, mid-and long-term outlook

USD/CAD Mid-Day Outlook — Daily Pivots: (S1) 0.9945; (P) 1.0100; (R1) 1.0188; USD/CAD's fall from 1.0378 extends further to as low as 1.0015 today before recovering mildly. At this point, intraday bias remains on the downside as long as 1.0135 ...

daily analysis, mid-and long-term outlook

EUR/USD Mid-Day Outlook — Daily Pivots: (S1) 1.4637; (P) 1.4708; (R1) 1.4825; EUR/USD continues to retreat after rally from 1.4365 extended to 1.4788. An intraday top is in place and further consolidation might be seen. But rise downside ...

daily analysis, mid-and long-term outlook

GBP/USD Mid-Day Outlook — Daily Pivots: (S1) 1.9583; (P) 1.9680; (R1) 1.9860; More GBP/USD retreat mildly after reaching as high as 1.9847. Nevertheless, outlook remains unchanged. Break of 1.9789 resistance indicate that a short term bottom ...

daily analysis, mid-and long-term outlook

USD/CHF Mid-Day Outlook — USD/CHF rebounds strongly after fall from 1.1120 was contained at 1.0846, above 1.0836 low. With 4 hours MACD crossed above signal line, an intraday bottom is in place. Outlook is turned neutral for the moment. On the ...

daily analysis, mid-and long-term outlook

USD/JPY Mid-Day Outlook — Daily Pivots: (S1) 106.33; (P) 106.75; (R1) 107.58; USD/JPY's rise from 104.96 extends further 107.89 before retreating mildly. Outlook remains unchanged for the moment. Break of 107.37 resistance indicates that ...

daily analysis, mid-and long-term outlook

Market Wrap: Yen and Dollar Sharply Lower — Markets' focus is mainly on the Japanese yen today as yen crosses surge sharply higher following rally in European and US stock markets, on anticipation of US stimulus package which was announced in ...

daily analysis, mid-and long-term outlook

Forex Depth Analysis: EUR/JPY — YEN weakening as Euro moving on purely technical indicators Bank of Japan (BOJ) Governor Toshihiko Fukui said today the central bank would keep the current accommodative monetary conditions to help the economy ...

daily analysis, mid-and long-term outlook

USD: New Fed Forecast — Overview: Yesterday's inter-meeting cut by 75bp, see our `FOMC: Aggressive cut by 75bp to 3.5%´ note, signals that the FOMC is extremely worried about the current situation. To us, the event illustrates that the ...

daily analysis, mid-and long-term outlook

EUR/JPY Daily Outlook — Daily Pivots: (S1) 155.89; (P) 157.05; (R1) 159.25; EUR/JPY's rally from 152.11 extends further to as high as 158.93 today. Break of 157.77 cluster resistance (38.2% retracement of 166.64 to 152.11 at 157.65) as well as ...

daily analysis, mid-and long-term outlook

USD/JPY Daily Outlook — Daily Pivots: (S1) 106.33; (P) 106.75; (R1) 107.58; USD/JPY's rebound from 104.96 extends further to as high as 107.75 today. Break of 107.37 resistance indicates that decline from 114.77 has made a short term bottom at ...

daily analysis, mid-and long-term outlook

GBP/JPY Daily Outlook — Daily Pivots: (S1) 208.61; (P) 210.25; (R1) 213.40; GBP/JPY's rise from 204.49 extends further to as high as 213.65 so far. Break of 212.44 resistance indicates that a short term bottom is in place at 204.49, with ...

daily analysis, mid-and long-term outlook

USD/CHF Daily Outlook — Daily Pivots: (S1) 1.0837; (P) 1.0886; (R1) 1.0927; USD/CHF recovers mildly after fall from 1.1120 was contained at 1.0846. Nevertheless, further decline is still in favor as long as 1.0990 minor resistance holds. ...

daily analysis, mid-and long-term outlook

GBP/USD Daily Outlook — Daily Pivots: (S1) 1.9583; (P) 1.9680; (R1) 1.9860; Cable's rebound from 1.9337 extends further to as high as 1.9847 today. Break of 1.9789 resistance indicate that a short term bottom is in place at 1.9337 with bullish ...

daily analysis, mid-and long-term outlook

EUR/USD Daily Outlook — Daily Pivots: (S1) 1.4637; (P) 1.4708; (R1) 1.4825; EUR/USD's rally from 1.4365 extended further to as high as 1.4778 today before turning sideway. Break of 1.4715 cluster resistance holds (61.8% retracement of 1.4921 ...

daily analysis, mid-and long-term outlook