Technical Analysis
http://harshitha-cyberlife.blogspot.com/2012/01/forex-overview-20120103-morningforex_03.html
"We remain negative about the euro"
- Swissquote Bank SA (based on Bloomberg)
EUR/USD has rebounded from 1.2860, as bearish momentum was not able to penetrate the support.
EUR/JPY
"There's still a lot of pressure on the euro. This is driving many to safer assets and currencies, like the Japanese yen"
- Danske Bank (based on Reuters)
While being capped by resistances located at 100.77 and a key one at 102.55, the focus remains on the downside.
GBP/USD
"Sterling performs better because the Bank of England is being proactive, and no one is stopping it from doing more QE if that's what it requires"
- ING (based on Reuters)
Succeeding advancement of the pair up to 1.5737/73 (formed by a cluster of supports, including 55 day ma), the bias is expected to turn bearish.
USD/JPY
"For the first half of 2012 the dollar continues to look appealing"
- ETX Capital (based on Bloomberg)
Rallies are currently prevented by a string of tough resistances situated at 78.08, 78.92 (200 day ma) and at 80.00.
USD/CHF
"The safe-haven function of the dollar is still alive. The dollar will be strong in 2012"
- Deutsche Bank AG (based on Bloomberg)
For the time being USD/CHF currency pair is likely to continue hovering just below 0.9548/49.
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