Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
-

Insights

Guest Access

 
-

Subscriber Access

 
-
All
EUR / USD
GBP / USD
USD / JPY
USD / CAD
AUD / USD
NZD / USD
USD / CHF
AUD / JPY
AUD / NZD
EUR / CHF
EUR / GBP
EUR / JPY
GBP / JPY
Jul 19 - 03:48 PM
USD/JPY - Trampled By Trump, Stops Sub 112, 55-DMA Key
First appeared on eFXplus on Jul 19 - 01:25 PM
  • USD/JPY, Tsy ylds dn on Trump grumble re rates, USD-CNBCnFWN1UF0XV
  • Odd for POTUS to comment directly on rates, USD, but there it is
  • Rising rates & USD can negate intended impact of trade tariffs
  • Support by 10-DMA at 111.96 last (EBS) and 112; stops below
  • Independent Fed insulated somewhat, but markets taking cover first
  • Worst-case scenario is retreat to 55-DMA (110.35)' Offers 113+

Chart: Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 02:36 PM
AUD/USD - COMMENT-Yuan's Influence Troubles AUD/USD Longs
First appeared on eFXplus on Jul 19 - 12:30 PM

AUD/USD bulls didn't have long to celebrate the large upside surprise to June Australian jobs data and are now fretting over a break below 0.7300 as the fall in China's yuan deepens.
USD/CNH hit a new trend high and gave the greenback a broad based bid.
U.S.-China trade tensions, slower China economic growth and expected Fed rate hikes are driving the rally.
The U.S. dollar's bid has combined with Aussie dollar's proxy for China's economy and currency to drive AUD/USD toward key 0.7300/30 support.
The 61.8 percent Fib of 0.6827-0.8136, June's low and 0.7300 barriers sit there.
Today's price action heightens bearish chart signals.
RSIs are biased down, a long upper wick is forming on the monthly candle and AUD/USD is back below the 10 and 21-DMAs.
Options markets are gearing up for a 0.7300 break nL1N1UF0KV as demand for AUD vol and AUD puts increases.
A break below 0.7300 is likely to ignite the next leg of the longer-term bear market.
Bears would then
target 0.7110/60.

chart: Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 01:24 PM
G10FX: Not Much Going On; EUR/USD In Mini-Rnage & USD/JPY Still Supported - SocGen
First appeared on eFXplus on Jul 19 - 11:30 AM

discusses the current Summery conditions of the FX market with most of the near-term price action patterns are in line with a firmer USD across the board.

All in all, until the yuan stabilises and while US/Chinese trade relations are the biggest global concern, USD/JPY is unlikely to fall much, EUR/USD is unlikely to break out of the top side of its 1.15-1.1850 mini-range, and the dollar is likely to be the main G10 winner.

There's not a lot else going on," SocGen argues. 

Source:
Société Générale Research/Market Commentary
Jul 19 - 12:12 PM
USD/JPY - COMMENT-Yuan Drop Provides Kindling For USD/JPY Breakout
First appeared on eFXplus on Jul 19 - 10:05 AM

USD/JPY has the fuel it needs to break out above long-term resistance at 113.27-28 due to PBoC willingness to let the yuan fall and increasing confidence that Fed-BOJ policy divergence will persist.
The PBoC-managed CNY today fell below prior lows versus the USD and a basket of other currencies, suggesting Chinese officials are willing to use depreciation as part of their monetary easing strategy to offset the impact of a trade war with the U.S. This leaves other Asia currencies, including JPY, which has ceded its haven appeal to the dollar, at risk for further losses.
Powell has reaffirmed Fed tightening plans and today's report of jobless claims at 48-year lows reinforces that view.
The inflationary impact of tariffs, at least initially, will sway the Fed from slowing rate hikes, to the extent USD gains don't cancel out their impact.
And stealth BOJ QE tapering is no longer seen as JPY bullish, because it's done merely to retain a modest yield curve.
If USD/JPY clears 115, a run to the post-U.S.
election high at 118.66 will be in prospect.

Chart: Click here

Chart: Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 11:00 AM
USD: Focus On US Earnings; Scope For Additional USD Upside Vs JPY & CHF - Credit Agricole
First appeared on eFXplus on Jul 19 - 09:01 AM

Credit Agricole CIB discusses the USD outlook and notes that all eyes today will remain on the US earnings season.

"Ahead today 16 S&P 500 listed companies will release quarterly earnings. On balance, we expect another constructive earnings season to help stabilizing risk sentiment even further.

From that angle additional USD upside cannot be excluded, especially against low yielders such as CHF and JPY. At the same time elevated long positioning continues to keep corrective downside risks intact.

However, sentiment appears to remain in favour of buying such dips," CACIB argues.  

Source:
Crédit Agricole Research/Market Commentary
Jul 19 - 09:48 AM
AUD, CAD: Not A Clear Buy Yet But Looks Cheap: EUR/USD: Range Holds - SocGen
First appeared on eFXplus on Jul 18 - 08:30 PM

Societe Generale Cross Asset Strategy Research notes that AUD and CAD looks cheap , while EUR/USD continues to hold its recent range in the near-term.

"As USD/CNY edges up a little further, with no sign of interest from the authorities to prevent that from happening at the moment, there's also little or no short-term encouragement to buy China-sensitive currencies; which these days, includes AUD, NZD, CAD, and JPY as well as Asian EMFX. AUD and CAD look cheap.

The record sounds a bit broken. It makes for a market where the dollar looks well-supported across the board, so do most equity markets, while longer-dated bond yield meander," SocGen adds. 

Source:
Société Générale Research/Market Commentary
Jul 19 - 08:36 AM
GBP/USD - Over To New York-GBP/USD Punished On UK Retail Sales Miss
First appeared on eFXplus on Jul 19 - 07:05 AM
  • EUR/USD -0.38%, USD/JPY 0.16%, GBP/USD -0.65%, AUD/USD -0.8%
  • S&P E-minis -0.24%, DAX -0.35%, Nikkei -0.13%, FTSE 0.13%
  • EUR/USD remains weak, USD/JPY elevated
  • Weak retail sales sent sterling below the 1.30 line
  • China to use 'counter-cyclical' measures to curb FX volatility
  • U.S. Philly Fed data due. NA Open:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 07:24 AM
USD/JPY - Shorts Built Up In Asia Remain Vulnerable To Squeeze
First appeared on eFXplus on Jul 19 - 05:10 AM
  • USD/JPY range has been 112.65-113.04 so far this session according to EBS
  • Shorts that built up in Asia remains vulnerable to be squeezed in London
  • Was heavy in Asia on long liquidation, BOJ trimmed JGB buys too nT9N1RM05R
  • Bulls are in control, but huge Fibo and 200-WMA weigh nL1N1UF04E
  • USD/JPY's price action, options market had hinted at gains nL1N1UC070
  • Fed Powell's upbeat message to fuel big USD gains nL1N1UE05U

EBS Money Flow Chart: Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 06:12 AM
GBP/USD - Drops To Eye 10-Month Low Pre-UK Retail Sales Data
First appeared on eFXplus on Jul 19 - 04:20 AM
  • Cable eyeing 1.3000-10 after extending south from 1.3083 nL1N1UF04P
  • 1.3010 was Wednesday's 10-month low. 1.3000 is an option barrier level
  • 1.3000 break risk will increase if UK June retail sales below f/c at 0830GMT
  • A 0.2 pct rise is consensus expectation from a Reuters poll of 22 economists
  • Poll's mean average and 'smart estimate' suggest risk of a negative number
  • Retail sales miss would be a blow for hawks advocating BoE rate hike Aug 2

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 05:00 AM
USD/JPY - Bulls In Control, But Huge Fibo And 200-WMA Weigh
First appeared on eFXplus on Jul 19 - 02:40 AM
  • Bias remains on upside, but bulls have to take out 113.27 Fibo and 200-WMA
  • 113.27 Fibo -- 61.8% retrace of the 118.66 to 104.56 (2016 to 2018) fall
  • The 200-WMA is currently at 113.28, weekly close above will accelerate
  • Fourteen-week momentum remains positive, reinforcing overall upside bias
  • While the market remains a buy on dip, we will stand aside for now
  • USD/JPY's price action, options market had hinted at gains nL1N1UC070

USD/JPY Trader:

Weekly Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 03:48 AM
GBP/USD - Wed Candlestick Points To Better Fade Levels
First appeared on eFXplus on Jul 19 - 01:55 AM
  • Bear bias intact and daily studies confirming scope for further losses
  • Daily momentum flips to negative and stochs bear crossed
  • However, Wed price action, hammer candle, suggests supply fade
  • Possibly scope for better selling levels today
  • Price back inside Bolli bands and potential for return to Wed 1.3117 high
  • Longer-term and a thick and falling daily cloud continues to steer price

GBP/USD Trader:

GBP/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 02:36 AM
AUD/USD - REFILE-BUZZ-AUD/USD-Gangbuster Jobs Will Not Change RBA Outlook
First appeared on eFXplus on Jul 19 - 12:30 AM

Add chart

  • Trades +0.4%, sustaining gains after very strong headline & breakdown jobs
  • Rising population & increased labour force kept unemployment steady at 5.4%
  • Will not change RBAs 'steady' outlook as wage pressure benign nL4N1UF02H
  • Bounce leaves momentum studies, 5, 10 & 20 DMAs edging north, positive setup
  • 0.7300/0.7500 range since mid June; falling weekly studies weigh longer term
  • May test range high, but needs major USD selloff or risk bounce to sustain

aud jul 19 Click here

Source:
Thomson Reuters IFR Markets
Jul 19 - 01:24 AM
NZD/USD: 0.6850 Should Cap S/T Bounce - NAB
First appeared on eFXplus on Jul 18 - 04:30 PM

NAB discusses NZD/USD technical outlook and notes that the multiple tests of one-year trend support at 0.6720/40 in the recent weeks are yet to deliver a break on a weekly closing basis.

"We see this as pending. Resistance at 0.6850/00 should cap ST bounces.

Monthly close below 0.6675 will be a material bearish MT/LT trigger.

Recent negative crossover (below zero) in the monthly MACD is a powerful confirmation of a sustainable MT/LT downtrend," NAB adds. 

Source:
NAB Research/Market Commentary
Jul 19 - 12:12 AM
EUR/JPY Off With EUR/USD Overnight, Bounce Since
First appeared on eFXplus on Jul 18 - 09:15 PM

  • EUR/JPY push down yesterday limited to 130.86 overnight before good bounce.
  • EUR/USD fall behind cross move down, EUR also in bounce since.
  • Cross 131.25-42 so far in Asia, EUR/USD 1.1632-54.
  • Following push down, EUR/JPY bias again up albeit small.
  • Likely still capped ahead of 131.90 200-DMA, 132.00, stops above latter.
  • Good tech support eyed at ascending 200-HMA down at 130.97.

EUR/JPY hourly: Click here

EUR/JPY daily: Click here

EUR/USD hourly: Click here

Source:
Thomson Reuters IFR Markets
Jul 18 - 11:00 PM
EUR/USD - Bearish Outside Day In Play - Confident Economists
First appeared on eFXplus on Jul 18 - 09:00 PM
  • +0.1% in Asia with USD gently lower across the board - E-mini S&P flat early
  • Latest poll suggests ECB to raise rates in second half of 2019 nL4N1UE3GA
  • Soft close validated Tuesday's bearish outside day, but familiar levels
  • 1.1650 350M strikes a magnet if it's quiet & 1.1675 772M strikes likely cap
  • Momentum studies slip, neutral 5, 10 & 20 DMAs provide little guidance
  • Close below 1.1615, 61.8% June/July climb would put bears in charge

eur jul 19 Click here

Source:
Thomson Reuters IFR Markets
Jul 18 - 09:48 PM
GBP/USD - Charts Are Turning Decidedly Negative For 1.2900
First appeared on eFXplus on Jul 18 - 08:25 PM
  • Fraction firmer early after leading USD higher offshore, closing -0.35%
  • Soft inflation nL8N1UE22I & political turmoil nL8N1UE52W weighed
  • Momentum studies, 5, 10 & 20 DMAs edging lower - negative setup
  • 1.3050 June low tested post CPI, but recovered to close above
  • First significant support comes in at 1.2898, 61.8% 2017/18 rise
  • London 1.3010/1.3105 range initial support/resistance - bias lower

gbp jul 19 Click here

Source:
Thomson Reuters IFR Markets
Jul 18 - 08:36 PM
USD/JPY - 113.00 Held On First Test - 112.70 Supports
First appeared on eFXplus on Jul 18 - 06:25 PM
  • Fraction firmer pre Tokyo after closing -0.1%, but a higher low & high
  • Horizontal Tenkan & Kijun lines, 5, 10 & 20 DMAs trend higher, mixed signals
  • Major resistance at 113.26/27, 200 Week MA & 61.8% 2016/18 fall should cap
  • Above this comes 113.40 2018 high & 113.75 December 2017 top
  • NY 112.70 low then 112.50, 61.8% of this week's bounce initial support
  • Japanese trades lead data - polls - Click here

jpy jul 19 Click here

Source:
Thomson Reuters IFR Markets
Jul 18 - 05:00 PM
AUD/JPY: Scope For Further Gains Around AU Jobs Report - Credit Agricole
First appeared on eFXplus on Jul 18 - 10:50 AM

Credit Agricole discusses AUD/JPY outlook and sees a scope for further gains on the back of the scheduled release of Australia's jobs report for the month of June.

"Crosses such as AUD/JPY continue to trade close to recent highs. Even though risk sentiment should stay carry pairs’ predominant driver, the shortterm focus is likely to turn back to fundamentals. This is due to the release of Australian June labour data on Thursday morning.

With speculative oriented investors continuing to run a sizeable AUD short positioning, upside risk from position squaring seems likely should incoming data make a case for it. Accordingly, we believe the AUD has further room to outperform low funding currencies such as the JPY,"CACIB argues. 

Source:
Crédit Agricole Research/Market Commentary
Jul 18 - 03:48 PM
USD/JPY - Uptrend Paused By Long-Term Hurdles, Dodgy U.S. Data
First appeared on eFXplus on Jul 18 - 02:35 PM
  • USD/JPY runs into rsst by 200-WMA & 61.8% of 2017-18 slide @113.27-28
  • US housing starts miss, tariffs' stagflation risk steepen Tsy curve
  • S-T O/B risk, but uptrend intact while above c111.40 breakout point
  • Slew of resistance from 113.27 to 115 likely to slow the advance
  • Eyes on whether CNY will be let to slip further & weigh on JPY

Chart: Click here

Chart: Click here

Source:
Thomson Reuters IFR Markets
Jul 18 - 02:36 PM
AUD/USD - COMMENT-Powell, China Hangovers A Headache For AUD/USD
First appeared on eFXplus on Jul 18 - 12:15 PM

AUD/USD is likely to extend its bearish trend as Fed chief Powell's firm stance on U.S. rate hikes and troubles for China's currency present difficulties for the Aussie. Powell's congressional testimony gives the green light to U.S. dollar bulls looking to buy dips.
By reiterating the need for continued hikes, he bolstered the greenback's yield advantage over the Aussie dollar.
China's yuan, trade issues with the U.S. and slowing economy should keep AUD/USD bulls in-check as well.
The yuan hit a new trend low today and there are no signs the PBOC will step in to halt the slide.
Recent Chinese economic data show growth continuing to slow while China-U.S.
trade tensions continue to escalate nB9N1U401O.
Since the Aussie dollar remains a proxy for China, those factors are likely to help limit any gains for AUD/USD.
Technicals bolster a bearish view.
Consolidation of long-term losses persists and should resolve with a break lower while RSIs still provide bears a momentum tailwind.
The 0.7300/20 zone remains support but seems set to break.
Once broken, AUD/USD bears will put 0.7110/ support in their sights.

chart: Click here

Source:
Thomson Reuters IFR Markets
Page 1 2 3 4 5

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!