Tag Archives: EUR/USD
FX Daily Majors
Today’s highlights: EURUSD stays bearish for 1.3513/03, and ideally key support at 1.3487/77. Below here can confirm the expected large bear “wedge”.
The Global Macro Pulse
The USD started the week on a stronger footing as the US 10y yield opened 1.6bps higher to 2.656%.
More € selling in the pipeline
The common currency ended last week on a negative footing, with especially EURJPY looking very vulnerable to continued selling.
FX Daily
A fairly light global calendar. In the euro area we expect German industrialproduction to have decreased slightly.
Daily Market Technicals
Layers of resistance have built up on the hourlies in the $1.3638-1.3700 region with bulls needing to see a close above $1.3700 to confirm a break of the 55 & 200-DMA’s.
EUR/USD Analysis
The pair opened at $1.3598 this morning in Asia, following Friday’s Independence Day holiday in the US and briefly poked through $1.3600 for a look at a high of $1.3602 before turning down.
Weekly Report
Traders continue betting on lower RBA rates before the year-end The RBA kept its cash rate unchanged at the historical low of 2.50% as widely expected.
FX Daily Majors
Today’s highlights: EURGBP should be allowed to hold .7913 at first, ahead of a move to our core medium-term target at .7800.
Daily FX Update
A U.S. holiday leaves expectations for the NA session as notably quiet. Yesterday’s strong employment release from
We Hold EUR/USD Shorts
Morgan Stanley reiterates its bearish EUR view and expresses that via holding 2 short EUR/USD positions as a short-term and medium-term recommendations.
The Global Macro Pulse
The dollar has drifted against the major currencies with AUDUSD up a touch to 0.9360,