Tag Archives: EUR/USD
ECB: “We are not finished”
ECB delivered a whole package of measures just as we expected. As a result, longer core yields initially rose, the curve steepened and the euro depreciated.
EURUSD – bear flag break at 1.3589 targets 1.3532 wedge target line
Bearish range broken with this morning’s trade below 1.3580. That range between 1.3578/3650 was consolidating the sell-off from either 1.3731 or 1.3993 and
FX Daily Majors
Today’s highlights: EURUSD continues to trade sideways in a tight range but we remain bearish for a break of key price support at 1.3586.
Daily Technical Report
EUR/USD has moved recently within a shorttermhorizontal range between 1.3586 and1.3650. Today’s ECB decisions are likely todetermine the direction of the next short-termtrend.
The Global Macro Pulse
EURUSD and EUR crosses came under moderate pressures. EURUSD traded just below 1.36; EURGBP, EURSEK and EURNOK were also slightly lower.
USD/JPY correction target met, NOK/SEK @ support
EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us.
UBS Morning Adviser
Draghi’s words always do the damage, so position accordingly The ECB decision today is perhaps the most-scrutinised in nearly two years as negative rates are expected.
Daily Market Technicals
EUR/USD has again pulled back from the key $1.3647-72 region only to find support ahead of the $1.3586 low from May 29.
EUR/USD Analysis
The pair started the Thursday session at $1.3599 from a NY range of $1.3597-$1.3639 and marked a narrow trading range of $1.3594 to $1.3605 in lacklustre Asia.
FX Daily
Today’s ECB meeting will be the main attraction. We expect the ECB to deliver anaggressive easing move by cutting the refi and deposit rates, taking the latter intonegative territory.
Citi: ECB Preview
In a note to clients today, CitiFX summarized Market expectations ahead of the ECB with the following scenarios ranked from most to least positive for EUR:
Daily FX Wrap and Strategy
The grind lower continues. NZD/USD is 0.2% weaker thismorning, holding just above 0.8410.