Tag Archives: EUR/USD

FX Daily Majors

Today’s highlights: DXY $ Index above 81.38/48 sees a base established, for 83.40/48.

EURUSD rose to 1.3399 from its overnight lows around 1.337, while USDJPY is at 102.77 after trading as high as 103.09.

EURUSD: Small rebound likely. The 1.3375-50 target/support attracted some responsive buying yesterday,

We expect euro flash CPI for July to reach a new cycle low at 0.4% y/y (consensus0.5% y/y) down from 0.5% y/y in June.

Pressure on the $1.3390-00 region resulted in fresh 2014 and 8 month lows before the pair bounced a little from ahead of the 100-WMA.

The pair fell to a new 2014 low of $1.3367 in overnight dealings following the US GDP data and started the session today at $1.3397.

In the statement today the Fed made a change in a more hawkish direction by

USD: DXY heading towards 81.7

A broad-based rally in the USD continues ahead of Wednesday’s event-filled NA session that will include the release of ADP employment figures,

Against our expectations outlined last in last Friday’s Weekly, EUR/USD has not traded sideways ahead of this week’s US non-farm payrolls but

EUR/USD has broken the key support areadefined by 1.3503 (see also the long-term risingtrendline from the July 2012 low) and

US front-end yields remained firm on Tuesday, despite a modest setback for equities as new US sanctions on Russia were announced, notes BNP Paribas.