27 Jan 2015
US Session Recap: Decent amount of activity across key players
FXStreet (Guatemala) - The US shift gave us a bit of action despite there being little data, poor weather on Wall Street and being the start of what looks set to be a busy week again in the FX space.
We were echoing the risk-on environment again, despite the events of Greece with a new PM, Alexis Tsipras, taking charge of the country's affairs and the renegotiation of Greece's debt agreements. Stocks closed higher and were in recovery mode.
USD/JPY made a minor recovery up to the highs of 118.51 and well off the supporting 117.30 level that had three serious threats and tests of the level last week. However, there is work left to do yet to bring on a fully committed bull run again and to remove its rangebound status formed of late.
GBP/USD was on the bid, paid from the 1.50 handle and up to highs 1.5102 late in trade and oscillating within a range of circa 30 pips. Eye's will remain with Q4 GDP tomorrow in the UK though with consensus looking for GDP to expand by 0.6% Q/Q in Q4.
USD/CHF and EUR/CHF took the headlines with supply of CHF coming in of which what might appear to be SNB intervention. This has not been disclosed mind you, but there would appear to be some support for the EUR there, having climbed from the lows below 1.1100.
EUR/USD indeed made it out of the 1.10 handle, but the bears have shown their cards and fading opportunities while the pair struggles at 1.1300 on the rebound and steady climb on the 1.12 handle might be the scenario ahead of the FOMC later this week.
USD/CAD was better bid all of the way today, scoring new cycle highs again, of 1.2487. 1.2468 - 1.2483 was the best performing five minute stick with WTI dropping down to test 40.20 support at the same time and clearing that to clear the earlier gains made from 44.80 to 46.21 the high.
We were echoing the risk-on environment again, despite the events of Greece with a new PM, Alexis Tsipras, taking charge of the country's affairs and the renegotiation of Greece's debt agreements. Stocks closed higher and were in recovery mode.
USD/JPY made a minor recovery up to the highs of 118.51 and well off the supporting 117.30 level that had three serious threats and tests of the level last week. However, there is work left to do yet to bring on a fully committed bull run again and to remove its rangebound status formed of late.
GBP/USD was on the bid, paid from the 1.50 handle and up to highs 1.5102 late in trade and oscillating within a range of circa 30 pips. Eye's will remain with Q4 GDP tomorrow in the UK though with consensus looking for GDP to expand by 0.6% Q/Q in Q4.
USD/CHF and EUR/CHF took the headlines with supply of CHF coming in of which what might appear to be SNB intervention. This has not been disclosed mind you, but there would appear to be some support for the EUR there, having climbed from the lows below 1.1100.
EUR/USD indeed made it out of the 1.10 handle, but the bears have shown their cards and fading opportunities while the pair struggles at 1.1300 on the rebound and steady climb on the 1.12 handle might be the scenario ahead of the FOMC later this week.
USD/CAD was better bid all of the way today, scoring new cycle highs again, of 1.2487. 1.2468 - 1.2483 was the best performing five minute stick with WTI dropping down to test 40.20 support at the same time and clearing that to clear the earlier gains made from 44.80 to 46.21 the high.