News and Events
The Euro and other high yielding currencies such as the Aussie dollar held their gains versus the US dollar on Friday after Thursday’s improvement in unemployment claims and much better than expected pending home sales boosted investors’ risk appetite. However the Swiss franc and the Yen, which typically fall when risk increases, also managed to retain the gains. Usd/jpy is still not very far away from the 15 year low reached in the previous days. Traders are cautious about buying more Yen because there is always the concern about a BOJ intervention in the forex market; but this could easily change with a weak NFP data later in the afternoon.
Technical Analysis
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EUR/USD
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GBP/USD
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EUR/GBP
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USD/JPY
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EUR/JPY
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USD/CAD
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DOW cfd
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Res. 2
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1.2895
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1.5490
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0.8390
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84.85
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108.90
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1.0665
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10450
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Res. 1
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1.2850
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1.5455
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0.8345
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84.50
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108.60
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1.0575
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10340
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Market
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1.2820
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1.5410
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0.8320
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84.30
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108.10
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1.0545
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10295
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Sup. 1
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1.2790
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1.5375
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0.8285
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84.00
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107.80
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1.0500
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10245
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Sup. 2
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1.2750
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1.5330
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0.8255
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83.65
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107.45
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1.0470
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10200
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EURGBP 4h chart
The pair has reached the 50% retracement of the last downtrend. Any approach there would be considered a selling opportunity with a tight stop
Disclaimer
This research report or summary has been prepared by TFI Markets from information believed to be reliable. Such information has not been independently verified and no guarantee, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness. This report is provided for information purposes only. Nothing in this report should be considered to constitute investment advice. It is not intended, and should not be considered, as an offer, invitation, solicitation or recommendation to buy or sell any of the financial instruments described herein. TFI Markets accepts no liability whatsoever for any direct or consequential loss arising from the use of this document or its contents.
Disclaimer
This research report or summary has been prepared by TFI Markets from information believed to be reliable. Such information has not been independently verified and no warranty, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness. This report is provided for information purposes only. Nothing in this report should be considered to constitute investment advice. It is not intended, and should not be considered, as an offer, invitation, solicitation or recommendation to buy or sell any of the financial instruments described herein. TFI Markets accepts no liability whatsoever for any direct or consequential loss arising from the use of this document or its contents.
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