EUR/JPY 100-DMA props again, Bunds support for EUR waning
May 08, 2015 13:27 pm UTC| Technicals
EUR/JPY 100-DMA support (134.15) props again 2nd day by the days low (134.14) Massive surge in Bund yields that underpinned EUR til Wed is waning Overbought bearish divergence on dailies needs sub 134.10 close to confirm...
USD/MXN pares initial NFP losses, rises to 15.28, pre-release area
May 08, 2015 13:08 pm UTC| Technicals
USD/MXN slips initially with US yields, but reverses to 15.28, pre-release area USD NFP +223k v 224k forecast, markets focus initially on weak avg earnings at 0.1%, also revised down Support at 55-DMA by 15.2201, then...
USD/JPY slips on jobs, but rise in N225 futures partly offset
May 08, 2015 13:04 pm UTC| Technicals
USD/JPY spiked down to 119.60 from 120.24, back up toward pre-release now Drop in USD-JPY yield spreads being offset somewhat by rise in N225 futures 223k just under forecast, but Mar revenue down AHE up less than...
EUR/USD spikes up to 1.1290 after NFP, Greenback slips
May 08, 2015 12:41 pm UTC| Technicals
EUR/USD spikes up to 1.1290 with very little pullback Back above 100-DMA 76.4 Fib of 1.1534-0.0463 as spreads narrow NFP slightly below forecast, USD Treasury yields slip >1.1290 next resistance into 1.1310/15,...
GBP/USD threatens 1.54 after longs lightened pre-NFP data
May 08, 2015 12:21 pm UTC| Technicals
Cable threatens 1.54 after GBP longs lightened pre-US jobs data Earlier GBP gains fuelled by UK election shock (1.5165 = Thursday low) 1.54 break risk will increase if US Apr NFP better than expected. 224k...
AUD/USD pares losses, poor price action for bears
May 08, 2015 12:08 pm UTC| Technicals
AUD/USD plunged lower earlier on double-shot of bear events (China trade, RBA SMP) spike Later pared all losses to trade flat, price action a concern for bears Pair buiyed by EUR/AUD drop, elevated commodity prices ...
EUR/CAD takes support near trend line, a jump till 1.3700 is possible
May 08, 2015 12:00 pm UTC| Technicals
RES4: 1.3766 (May 7th high) RES3:1.37100 RES2:1.3662 (Cloud bottom) RES 1: 1.3620 (20 day day HMA) PRICE: 1.3578 @11:37 GMT SUP 1: 1.3525 (Trend line support) SUP 4: 1.3480 (200 day HMA) SUP3: 1.3405...