GBP/USD Comments:
• Anna Coulling: Break below 200 day ma at USD1.5411 will open the way to test at USD1.5338
• ecPulse.com: 1.5690 should hold to keep 1 Week expectations
• Ilian Yotov: As anticipated, the weakening of the U.K. economic data has caused the GBP to make an attempt to test previous lows in the lower $1.50's.
• Dr. Sivaraman: New year could bring more bullish moves
• Yohai Elam: Austerity measures are hitting the pound and they will continue to do so
EUR/USD Comments:
• ecPulse.com: 1.5690 should hold to keep 1 Week expectations
• Ilian Yotov: As anticipated, the weakening of the U.K. economic data has caused the GBP to make an attempt to test previous lows in the lower $1.50's.
• Dr. Sivaraman: New year could bring more bullish moves
• Yohai Elam: Austerity measures are hitting the pound and they will continue to do so
EUR/USD Comments:
• Anna Coulling: Now breaking below 200 day ma, targeting USD1.2968 & thereafter USD1.2871
• ecPulse.com: 1.3500 should hold to keep 1 Month & 1 Quarter expectations
• Ilian Yotov: The USD has been rewarded for the consistent improvement in the U.S. economic data and if the market continues to have the same view of the dollar, the EUR could revisit its lows below $1.30 and possibly even transition into the $1.20's.
• Dr. Sivaraman: New year could bring more bullish moves
• Yohai Elam: The big load of debt on European shoulders will probably take its toll
USD/JPY Comments:
• Anna Coulling: Break & hold above 40 day ma will see test of 84.37 resistance with a possible break higher to 85.84 re-test
• ecPulse.com: Breaching 84.25 confirms our expectations and 80.35 should hold
• Ilian Yotov: Improvement in investor sentiment and risk appetite, coupled with stronger U.S. economic data and higher Treasury yields could continue to support the USD on its march to post-intervention highs around 86 yen.
• Dr. Sivaraman: New year could bring more bullish moves
• Yohai Elam: The improvement in the US economy boosts the pair. Note the correlation with bonds
Keys:• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.
• Ilian Yotov: The USD has been rewarded for the consistent improvement in the U.S. economic data and if the market continues to have the same view of the dollar, the EUR could revisit its lows below $1.30 and possibly even transition into the $1.20's.
• Dr. Sivaraman: New year could bring more bullish moves
• Yohai Elam: The big load of debt on European shoulders will probably take its toll
USD/JPY Comments:
• Anna Coulling: Break & hold above 40 day ma will see test of 84.37 resistance with a possible break higher to 85.84 re-test
• ecPulse.com: Breaching 84.25 confirms our expectations and 80.35 should hold
• Ilian Yotov: Improvement in investor sentiment and risk appetite, coupled with stronger U.S. economic data and higher Treasury yields could continue to support the USD on its march to post-intervention highs around 86 yen.
• Dr. Sivaraman: New year could bring more bullish moves
• Yohai Elam: The improvement in the US economy boosts the pair. Note the correlation with bonds
Keys:• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.
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