“[The euro] is probably going to retake the topside, but $1.34 is probably where it tops out”
– Westpac Banking Corp. (based on WSJ)
Despite pair’s recent determined advancement, EUR/USD is expected to remain capped be a key resistance line located at 1.3245/50.
“Risk appetite is fairly positive at the moment, and this could continue for a couple of weeks. Typical safehaven currencies have taken a step back now”
– Rochford Capital (based on Bloomberg)
A tough resistance area at 102.55/60 is unlikely to let EUR/JPY rally in the nearest future, pushing the pair down toward 99.00/98.90.
“If QE is 25 billion, sterling could stabilise and even rally. If it is 75 billion, sterling may come under pressure”
– UBS (based on Reuters)
En route to 1.6170/90 (200 week ma) the Cable is going to encounter an initial resistance at 1.5890 and a subsequent level at 1.5960 (200 day ma).
CHF
“We think there is a good chance that it [intervention] will happen if we drift slowly down towards 75.50 or maybe a little lower”
– UBS (based on CNBC)
Since USD/JPY has breached a support at 76.20, the pair may plummet down to 75.30 or 75.00, though it is rather stable for now.
JPY
“Markets are pricing in a more constructive outlook for global growth in 2012, so that’s the main factor behind dollar weakness and stronger risk appetite”
– Wells Fargo & Co. (based on Bloomberg)
In the short-term USD/CHF is likely to move sideways, supported by 0.9080/65.
“[The euro] is probably going to retake the topside, but $1.34 is probably where it tops out”
– Westpac Banking Corp. (based on WSJ)
Despite pair’s recent determined advancement, EUR/USD is expected to remain capped be a key resistance line located at 1.3245/50.
“Risk appetite is fairly positive at the moment, and this could continue for a couple of weeks. Typical safehaven currencies have taken a step back now”
– Rochford Capital (based on Bloomberg)
A tough resistance area at 102.55/60 is unlikely to let EUR/JPY rally in the nearest future, pushing the pair down toward 99.00/98.90.
“If QE is 25 billion, sterling could stabilise and even rally. If it is 75 billion, sterling may come under pressure”
– UBS (based on Reuters)
En route to 1.6170/90 (200 week ma) the Cable is going to encounter an initial resistance at 1.5890 and a subsequent level at 1.5960 (200 day ma).
“We think there is a good chance that it [intervention] will happen if we drift slowly down towards 75.50 or maybe a little lower”
– UBS (based on CNBC)
Since USD/JPY has breached a support at 76.20, the pair may plummet down to 75.30 or 75.00, though it is rather stable for now.
“Markets are pricing in a more constructive outlook for global growth in 2012, so that’s the main factor behind dollar weakness and stronger risk appetite”
– Wells Fargo & Co. (based on Bloomberg)
In the short-term USD/CHF is likely to move sideways, supported by 0.9080/65.
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China’s once-hot property market turns polar
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