Dollar Soared against Yen on Yields, Euro on Greece The three most traded currencies, dollar, euro and yen dominated the markets last week with dollar boosted higher by substantial weakness of the other two. Euro was shot down by uncertainty of the Greece situation and dived to 10 month low against dollar and record low against Swissy and Aussie. The common currency recovered after a final agreement from EU on a financial package for Greece with IMF involvement, but the recovery was so far mild against dollar and Swissy. Japanese yen also fell broadly and deeply on expectations of further monetary easing from BoJ as deflation persists. Yen was also additionally weak against the greenback on rising treasury yields which saw yields on 10 year note jumped sharply through December's high of 3.93 before settling back at 3.855. Commodity currencies also weakens sharply towards the end of the week as respective Euro crosses rebounded strongly follow Greece news. Full Report Here... |
EUR/USD Weekly Outlook EUR/USD dived to as low as 1.3266 last week before recovering. With 4 hours MACD staying above signal line, initial bias is neutral this week and some sideway trading might be seen. Nevertheless, upside should be limited by 1.3570 resistance and bring fall resumption. The strong break of 1.3443 support last week confirmed that whole medium term fall from 1.5143 has resumed. Below 1.3266 will target 61.8% projection of 1.4578 to 1.3443 from 1.3817 at 1.3116 next. Read more... All Technical Outlook Reports | Weekly Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | USDJPY | 92.52 | 90.54 | +198 | +2.14% | | CHFJPY | 86.85 | 85.30 | +155 | +1.78% | | NZDJPY | 65.11 | 64.11 | +100 | +1.54% | | GBPJPY | 137.83 | 135.92 | +191 | +1.39% | | AUDUSD | 0.9040 | 0.9153 | -113 | -1.25% | Currency Heat Map Weekly View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | |
No comments:
Post a Comment