Tag Archives: EUR/USD

EUR/USD Analysis

Following on from fresh 2014 and 11 month lows in NY Friday, euro-dollar started this morning at $1.3138 and

The NZD slipped along with most of the majors against theUSD on Friday, dipping 0.3% to 0.8360.

The relative macro, positioning indicators suggest EURUSD “oversold”,

U.S. Review Data Details Show Economy Continues to Firm • Second quarter GDP was revised higher to a 4.2 percent annualized rate,

China recovery weak but strengthening China stocks in July-August have been resilient to geopolitical driven risk aversion sell-off.

CAD is outperforming ahead of its Q2 GDP release, JPY and AUD are weak, and most of the remaining G10

Today’s highlights: EURJPY is attempting to break its medium-term uptrend at 136.57.

EUR/USD remains weak as can be seen by thefailure to break the hourly resistance at 1.3220(25/08/2014 high).

The USD was broadly stable against majors. EURUSD and USDJPY held steady at 1.318 and 103.73 respectively.

EURUSD: Yesterday’s initial attempt higher stalled already at 1.3222,

Euro attempted to close the Sunday night gap yesterday but failed to better the key 1.3242 level.

Market focus will continue to be on the developments in Ukraine.