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TechnicalKBC technical analysis reports: AUD/USD, USD/CAD, GBP/USD, EUR/CHF
Strong rebound retested .8860 and reapproached channel top off year high (see graph). Support at .8741 (break-up hourly), with next level at .8633 (today’s low?), where pause favored. If wrong, next levels at .8619/ .8612 (reaction low hourly/ daily envelope bottom), ahead of .8593/ .8582...
KBC technical analysis reports: EUR/USD, USD/JPY, EUR/GBP, EUR/JPY
New recovery high on move above 1.2454 (see graph) and above daily channel top off Dec high.Above channel off 1.1876 (see graph) but now back below the daily Flag off year low (bottom at 1.2990 today). Support area at 1.2927(reaction low hourly), with next levels at 1.2902/ .2898 (daily Short Term...
KBC Sunrise Market Commentary: Currencies: EUR/USD extends gains after US payrolls report
On Friday morning, investors were awaiting the outcome of the key US payrolls report. Nevertheless, sentiment to risk remained constructive already at that time. This kept EUR/USD well bid, with the pair comfortably holding above the 1.28 handle. The US payrolls came out materially better than...
KBC Sunrise Market Commentary: ECB kept policy unchanged
On Thursday, sentiment on risk remained positive in Asian and European trading.This continued to support the euro. EUR/USD set a minor correction high in Asia,but no real break occurred. The pair settled in a tight range in the mid-1.26 area goinginto US trading and awaiting the ECB press...
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TED spread
Defining TED spread TED spread is the acronym formed by the T-Bill, which is the short-term U.S. government debt, and the ticker for the Eurodollar futures contract. Primarily, the TED spread was...
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