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9 Feb 2015
USD strength resurfaces after an upbeat NFP – Kshitij Consultancy
FXStreet (Barcelona) - The Kshitij Consultancy Team comments that the USD strength has resurfaced post a strong NFP data, and further anticipates EUR/USD to move towards 1.1250, GBP/USD to dip towards 1.5140 this week, while USD/JPY might remain capped at 119.25.
Key Quotes
“Overall Dollar-strength resurfaces on the rise in US Yields following the good US NFP data on Friday.”
“Resistance at 1.1490 held well enough on the Euro (1.1334) on Friday and a fall to 1.13 has been seen, as hoped for. Further dip towards 1.1250 is possible this week. Whether the earlier low at 1.1100 will be tested/ broken or not is unclear at the moment.”
“Contrary to expectation, the Euro-Yen Cross (134.61) has not fallen, as the Yen (118.77) has weakened sharply on Friday after the better than expected US Unemployment data. But, there's triangle Resistance near 119.25 on the Daily Candles, which is likely to hold for a while.”
“Overall Dollar-strength has pulled the Pound (1.5260) down from Friday's high near 1.5352. Although we'd allow for some more dip towardsd 1.5140 during the week, we are bullish towards 1.5420 enroute to 1.5575 over a couple of weeks.”
Key Quotes
“Overall Dollar-strength resurfaces on the rise in US Yields following the good US NFP data on Friday.”
“Resistance at 1.1490 held well enough on the Euro (1.1334) on Friday and a fall to 1.13 has been seen, as hoped for. Further dip towards 1.1250 is possible this week. Whether the earlier low at 1.1100 will be tested/ broken or not is unclear at the moment.”
“Contrary to expectation, the Euro-Yen Cross (134.61) has not fallen, as the Yen (118.77) has weakened sharply on Friday after the better than expected US Unemployment data. But, there's triangle Resistance near 119.25 on the Daily Candles, which is likely to hold for a while.”
“Overall Dollar-strength has pulled the Pound (1.5260) down from Friday's high near 1.5352. Although we'd allow for some more dip towardsd 1.5140 during the week, we are bullish towards 1.5420 enroute to 1.5575 over a couple of weeks.”