Technical Analysis
EUR/USD
"Generally we stick to the view that rallies in the euro should be sold into"
- UBS (based on CNBC)
The currency pair has overcome an accelerated downtrend and is now facing 20 day ma located at 1.3080.
EUR/JPY
"Signs of a pick-up in the pace of growth are certainly supporting the pick-up in risk-seeking among investors"
- Bank of Tokyo-Mitsubishi (based on Reuters)
Current rally of EUR/JPY is not expected to surpass a strong resistance line at 102.55.
GBP/USD
"The idea that GBP is a safe haven; people have done that as a sort of reflex because they are concerned about the euro but they are glossing over potential problems in the UK"
- BAM (based on Reuters)
In order to gain bullish momentum the Cable will have to pass through 1.5736 (55 day ma) and 1.5743, although the likelihood of such event is presently minimal.
USD/JPY
"Decision to release interest-rate plans could mean less volatility in markets"
- T. Rowe Price (based on WSJ)
After being repelled by a resistance at 78.08, USD/JPY carries on edging lower.
USD/CHF
"Concerns about the global economic future are receding"
- SMBC Nikko Securities Inc. (based on Bloomberg)
Being supported by 0.9244, 0.9148 (55 day ma) and 0.9058, the currency pair is anticipated to repeat its attempt to break above 0.9548/49. Concerns about the global economic future are receding
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