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EUR Trading Outlook


 
30.10.2014-27.10.2014 24.10.2014-20.10.2014 17.10.2014-13.10.2014 10.10.2014-8.10.2014 3.10.2014-29.9.2014 26.9.2014-22.9.2014 19.9.2014-15.9.2014 12.9.2014-8.9.2014 4.9.2014-1.9.2014 29.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012

4th June

AUD/USD Intraday: the downside prevails.

 

Pivot

0.9290

Our preference

Short positions below 0.929 with targets @ 0.923 & 0.9205 in extension.

Alternative scenario

Above 0.929 look for further upside with 0.9315 & 0.933 as targets.

Comment

The RSI is mixed with a bearish bias.

3rd June

USD/JPY A clear upside breakout in Nikkei futures past its 100-DMA and daily Cloud got the yen selling ball rolling O/N. There was chatter o/n about Japan's NISA cap being doubled. Rebounding Tsy yields reinforced USD/JPY's technical boosts from clearing the down TL off the March & April highs and last week's 102.14 highs. The pair is now near daily Cloud base offers by 102.50 and buy stops above. The Cloud top's at 102.66. In NorAm trading, Reuters reported on a draft of Abe Third Arrow plan, which was still a work in progress, short on things like GPIF & corporate tax cuts, and long on long-term goals with few tangible means of reaching them. That Reuters exclusive allowed the yen to fall further on the assumption that the BOJ will in time have to pick up the slack from weak structural reforms. ECB's Nowotny tried to talk the EUR lower again, but EUR/JPY is up near last week's high after failures the last two weeks to close it below the 200-DMA. The worry is the markets have priced in more than the ECB will deliver on easing this Thurs. AUD/JPY's at its Cloud top, 61.8% & 50-DMA hurdles. Japan Apr Real GDP was -3.7% says JCER -Nikkei.

2nd June

Intraday Technical Strategy

AUD/USD Intraday: bullish bias above 0.9265.

 

Pivot

0.9265

Our preference

Long positions above 0.9265 with targets @ 0.933 & 0.934 in extension.

Alternative scenario

Below 0.9265 look for further downside with 0.924 & 0.9205 as targets.

Comment

The RSI is mixed.


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