Eur/jpy Parity On August

Morning Briefing : Commodity-linked currencies supported by improved risk appetite What's new: Forex: Commodity currencies higher, Swiss franc under pressure Global Markets: Equity markets higher on better US consumer spending data United States: FOMC minutes due at 20:00 CET United States: Consumer spending posts largest rise in 5 months Euro zone: ECB President hawkish in speech before European parliament Forex rates in Asia and Indices: EUR/USD: 1.4533 - 1.4478 USD/CHF: 0.8188 – 0.8151 GBP/USD: 1.6423 - 1.6375 USD/JPY: 76.98 – 76.66 EUR/CHF: 1.1897 – 1.1818 EUR/JPY: 111.81 – 111.04 DowJones: 11'539.25 +2.26% NASDAQ: 2'562.11 +3.32% S & P 500: 1'210.08 +2.83% Nikkei: 8’953.90 +1.16% Shanghai: 2’573.28 -0.12% Gold: $ 1'799.80 Crude Oil: $ 87.37 Comments: Commodity-linked currencies ...

The Week Ahead Highlights Risk sentiment stumbles again Waiting for Jackson Hole Are 'safe-havens' due for a short-term pullback? SNB intervention risk is here to stay The ECB calms sovereign debt markets Key data and events to watch next week Risk sentiment stumbles again Risk assets (stocks, commodities, JPY- and CHF-crosses, and commodity currencies) stabilized further to start this past week, but suffered what seems likely to be the first in a series of periodic relapses, as market conviction remains extremely low. We remain cautiously optimistic that the sell-off in the first half of August marked the low point in the current risk retrenchment, but we are keenly aware that risks remain skewed to the downside. In support of the view that a medium-term bottom ...

Commentary of the EUR/JPY parity : The parity is currently moving on 107. Indicators stay globaly bearish. We maintain to trade only short positions as far as 108 is resistance. The breakout of 106 will give a new sell signal. See the previous analysis of the EUR/JPY parity of August 31th, 2010

Commentary of the EUR/JPY parity : The parity made a highest on the resistance at 109 and then started a strong bearish movement, pushing back the price below 108 to reach the support at 107. This level is currently tested. All indicators are now bearish. We maintain to trade only short positions as far as 108 is resistance. The breakout of 106 will give a new sell signal. See the previous analysis of the EUR/JPY parity of August 30th, 2010

Commentary of the EUR/JPY parity : The parity broke the resistance at 108 to reach at its highest the next resistance at 109. Currently, the parity is making a pullback on 108. Indicators stay globaly bullish. We advise to trade the parity according to 108: - Long if 108 is support - Short if 108 is resistance See the previous analysis of the EUR/JPY parity of August 27th, 2010

Commentary of the EUR/JPY parity : The parity is still moving between 107 and 108. We maintain our last analysis : 'The parity finaly continued its correction towards the resistance at 108. Indicators are now mixed. We stay neutral between 107 and 108 and we will wait an exit of this range to take position: - Short if 107 is broken - Long if 108 is broken' See the previous analysis of the EUR/JPY parity of August 26th, 2010

Commentary of the EUR/JPY parity : The parity finaly continued its correction towards the resistance at 108. Indicators are now mixed. We stay neutral between 107 and 108 and we will wait an exit of this range to take position: - Short if 107 is broken - Long if 108 is broken See the previous analysis of the EUR/JPY parity of August 25th, 2010

Commentary of the EUR/JPY parity : The parity just found support on 106 for a rebound on 107 as resistance. Indicators stay globaly bearish. We maintain to trade only short positions as far as 107 is resistance. The breakout of 106 will give a new sell signal. See the previous analysis of the EUR/JPY parity of August 24th, 2010

Commentary of the EUR/JPY parity : The parity broke the support at 108, offering a new sell signal. The price is currently finding support on 106. All indicators are baerish. We maintain to trade only short positions as far as 108 is resistance. The breakout of 106 will give a new sell signal. A pullback on 108 is possible as far as 106 is support. See the previous analysis of the EUR/JPY parity of August 23th, 2010