Latest Forex Research
ECB preview: Even a package deal not enough to sustain a bond rally
There can be little doubt the ECB will provide a whole package of easing measures in its meeting on Thursday, including rate cuts, liquidity measures and a conditional LTRO.
Commerzbank: EUR/USD View
EUR/USD last week charted a low of 1.3586 that was accompanied by a TD perfected set up. These are warning signals that the market is likely to consolidate.
Daily Technical Report
EUR/USD has broken the key support areabetween 1.3673 and 1.3643. The short-termtechnical structure calls for further weakness aslong as prices remain below the resistance at1.3669 (27/05/2014 high).
AUD turning lower. SEK weakness takes a short pause
EURUSD: On a grander scale May probably became the turning pointfor the common currency given that the monthly candlebecame a very bearish key month reversal one arguing formore losses on a 3-4 months horizon.
Here is how much the ECB can move EUR/USD
There are many moving parts to the upcoming ECB decision. Here we look at the impact on FX across three different dimensions: the price, quantity and quality of money.
The Global Macro Pulse
Although EURUSD is flat at 1.3627, weak building approvals data helped push AUDUSD down to 0.9265 and USDJPY pushed up to 102.03.
UBS Morning Adviser
Euro weakness or dollar strength? With the ECB likely to ease again on Thursday,
FX Daily
Although the market probably has its eyes on Thursday’s ECB meeting and Friday’sUS job report, the first day of the week is loaded with interesting key figure releases.
FI Eye-Opener: Huge week ahead
The week starts with good news from China, as the official PMI rose to 50.8 in May (from 50.4 in April). The report showed a braod-based recovery in manufacturing activity.
Daily Market Technicals
The $1.3644-69 resistance region remains key this week with bulls needing a close above to confirm an easing of bearish pressure and see immediate focus shift back to the 21 & 100-DMA’s.
USDJPY – rounding top confirmed below 101.47, signals wave-iii decline
$JPY is respecting down channel resistance from early April and early May. Now that prices have reversedlower from 102.14 a new, smaller down channel is forming.
EURJPY – countertrend rally now after 5-wave decline (139.43-140.17)
The cross has completed a clean 5-wave decline, the one knock is that wave-(v) is small and so we have to be open to an extension lower yet.