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Feb 12, 2012 10:13PM GMT
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EURO/USD Weekly Analysis - Morning Session - GMT
By | Forex Technical Analysis | Aug 14, 2008 12:00AM GMT
Rate usually tracking GBP lower but unable to extend losses despite good selling. Russians and Swiss names buying on the dip; inside range day suggests rate is near a bottom. Model accounts selling in EURO and GBP traders say suggesting that the rate is vulnerable to a short squeeze. Market is heavily short now so expect a rally. Larger names buying traders say. Likely the rate has flushed all longs. Macro accounts seen selling on the break Friday. Aggressive traders can buy this dip for a return to resistance although we were stopped out of first attempt at a long. Rate continues to track Cable and vice-versa. Now that stops are cleared a rotation higher is coming. US data this week likely to be unfriendly so be ready for whipsaw.
Data due Thursday: All times EASTERN (-5 GMT)
EURO/USD Weekly
Resistance 3: 1.5050
Resistance 2: 1.5000/10
Resistance 1: 1.4980
Latest New York: 1.4921
Support 1: 1.4800/10
Support 2: 1.4760
Support 3: 1.4720/30
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CFDs Quotes
| SPX 500 Futures | 1340.25 | -8.00 | -0.59% | |||
| NQ 100 Futures | 2549.20 | -11.80 | -0.46% | |||
| US 30 | 12801.23 | -89.23 | -0.69% | |||
| DAX | 6692.96 | -95.84 | -1.41% | |||
| UK 100 | 5852.39 | -43.08 | -0.73% | |||
| Japan 225 | 8947.17 | -55.07 | -0.61% | |||
| US Dollar Index | 79.11 | +0.42 | +0.54% |
CFDs Quotes
| Gold | 1723.95 | -17.25 | -0.99% | |||
| Silver | 33.575 | -0.342 | -1.01% | |||
| Copper | 3.862 | -0.117 | -2.93% | |||
| Crude Oil | 99.36 | +0.00 | +0.00% | |||
| Natural Gas | 2.476 | -0.001 | -0.04% | |||
| US Cotton No.2 | 91.03 | +0.65 | +0.72% | |||
| US Coffee C | 218.60 | +0.00 | +0.00% |
CFDs Quotes
| Euro Bund | 138.66 | +1.41 | +1.03% | |||
| Italian Govt. B. | 102.45 | -1.63 | -1.57% | |||
| Euro BOBL | 125.23 | +0.71 | +0.57% | |||
| UK Gilt | 115.78 | +1.13 | +0.99% | |||
| US 2 YR T-Note | 110.26 | -0.02 | -0.02% | |||
| US 10 YR T-Note | 131.21 | +0.36 | +0.28% | |||
| US 30 YR T-Bond | 142.43 | +0.79 | +0.56% |
Recent Activity
Central Banks Rates
| Central Banks | Interest Rates | Next Meeting | |||
|---|---|---|---|---|---|
| FED | 0.00%-0.250% | 03/13/12 | |||
| ECB | 1.000% | 03/08/12 | |||
| BOE | 0.500% | 03/08/12 | |||
| SNB | 0.000% | 03/15/12 | |||
| RBA | 4.250% | 03/06/12 | |||
| BOC | 1.000% | 03/08/12 | |||
| RBNZ | 2.500% | 03/07/12 | |||
| BOJ | 0.100% | 02/14/12 | |||
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