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Analysis Of The Eur/gbp ParityTitle:
SunBirdFX Daily Market Analysis : 25/08/2011
www.sunbirdfx.com
Last trading day in Wall Street has been characterized by much volatility. The leading indices have changed direction several times while it seems that the macro-data that reflected a rise of 4% in the orders of sustainable merchandises, as opposed to a prediction of only 2%, has tipped the scale towards a rally at the last minutes of the trade. Other news that have contributed to volatility are fears from negative developments related to the debt crisis in Europe, as opposed ...
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FX Strategy Weekly: 05/11/2010
FX Strategy Weekly
Market Outlook
=> Pro-risk currencies unfazed by EU periphery troubles; focus on G20
=> BoE QIR to test sterling resilience
A quiet data and event calendar means the dust should settle somewhat over global asset markets over the coming week, allowing investors to catch their breath and consider what will influence financial markets over the closing weeks of 2010. Risk appetite received a shot in the arm from the $600bln Fed Treasury purchase programme and this largely ...
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FX Strategy Weekly: 23/10/2010
FX Strategy Weekly
Market Outlook
=> GBP: prel Q3 GDP to seal Nov MPC QE vote?
=> AUD vs CAD: correlation switches
The preference of investors to buy USD/G10 on dips ahead of the G20 meeting following supportive comments by US Treas Sec Geithner indicates that the phase of USD weakness may at least be temporarily exhausted. Having said that, currencies remain in a state of flux and USD selling may well still be the preferred course of action if central bank discussions this weekend come to ...
Title:
Mid-Terms Key to USD Bounce?
FX Strategy Weekly
Market Outlook
=> USD priced for QE2 after Bernanke, pro-risk flows weigh
=> GBP: MPC minutes ahead, policy bias still neutral?
Fed chairman Bernanke implicitly admitted in his Boston speech that the Fed was likely to push ahead with more QE on Nov 3 as risks of deflation are currently "higher than desirable". The limited scope for US short end yields to fall suggests that USD downside may now be limited. However, with QE2 now effectively priced in, the risk of a counter ...
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Technical analysis of the EUR/GBP parity on October 14th, 2010
Commentary of the EUR/GBP parity:
The parity is finding resistance on 0.88. The price fake a breakout of this level. All indicators are still bullish. The parity is moving into a bullish channel. We maintain to trade only long positions as far as 0.8775 (last lowest) is support.
See the previous analysis of the EUR/GBP parity of October 13th, 2010
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Technical analysis of the EUR/GBP parity on October 13th, 2010
Commentary of the EUR/GBP parity:
The parity found support on 0.87 to make its return above 0.8750 and then broke the resistance at 0.88 (new buy signal). All indicators are now bullish. The price continues to move into its bullish channel. We maintain to trade only long positions as far as 0.8775 is support.
See the previous analysis of the EUR/GBP parity of October 12th, 2010
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Technical analysis of the EUR/GBP parity on October 12th, 2010
Commentary of the EUR/GBP parity:
The parity is currently testing the support at 0.87. The price is still into its bearsih channel. Most of indicators are getting bearish. We stay neutral on the parity as far as the price is below 0.8750. A return above this level will give a buy signal. We will then advise to trade only long positions as far as 0.87 is support.
See the previous analysis of the EUR/GBP parity of October 11th, 2010
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Technical analysis of the EUR/GBP parity on October 11th, 2010
Commentary of the EUR/GBP parity:
The parity just tested again the resistance at 0.88. The price is still moving into its bullish channel. Indicators are now mixed. We maintain to trade only long positions as far as 0.8730 is support. The breakout of 0.88 will give a new buy signal. The next major resistance is at 0.90.
See the previous analysis of the EUR/GBP parity of October 8th, 2010
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Technical analysis of the EUR/GBP parity on October 8th, 2010
Commentary of the EUR/GBP parity:
The parity continues its bullish movement into its bullish channel. 0.8730 (highest of October 3rd) perfectly acted as support during the last correction. All indicators are currently bullish. We maintain to trade only long positions as far as 0.8730 is support. THe breakout of 0.88 will give a new buy signal. The next major resistance is at 0.90.
See the previous analysis of the EUR/GBP parity of October 7th, 2010
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