Tag Archives: EUR/USD
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
Daily FX Update
Leading into nonfarm payrolls the market’s attention is firmly on EUR and its resilience to downside pressure. The U.S. 10‐year is trading at 2.57; while equities are vaguely firmer and the USD is mixed.
FX Daily Majors
Today’s highlights: EURUSD ideally stays capped below price resistance at 1.3689/90.
Daily Technical Report
EUR/USD made an intraday bullish reversal onThursday, indicating exhaustion in the short-termselling pressures.
The Global Macro Pulse
EM Asia FX was the main mover today, led by a surprise 85pip fall in the USDCNY fix to 6.1623, its lowest level in over two weeks.
EUR/USD targets 1.3734\50 before down & EUR/SEK moves to 9.1375
EUR/USD is targeting 1.3734\50 before down… USD/JPY is testing support at 102.20/11… A bullish GBP/USD candle just added shows demand…
UBS Morning Adviser
Does recent China manufacturing PMI suggest the mini-stimulus is working? This past Tuesday’s release of final May HSBC Manufacturing PMI reached a 4-month high.
Daily Market Technicals
The sharp move lower was aggressively reversed overnight with the EUR/USD closing above the 200-DMA in the process and easing bearish pressure but falling short of the 21-DMA.
FX Daily
The US job report will be the main focus today. We expect an increase in non-farmpayrolls of 250,000 but see risk of a pay-back from the extra strong April figure.
EUR/USD Analysis
The pair fell to a low of $1.3503 during European trade last night in response to the initial statements in ECB President Mario Draghi’s press conference but
Daily FX Wrap and Strategy
The NZD led major currencies higher overnight, up 0.9%against the USD to just below 0.8500.Part of this can be laid at the feet of EUR’s rally after theECB policy announcement last night.