Tag Archives: EUR/USD

Daily FX Update

Entering the second half of the week, FX markets are trading in narrow ranges as looming risk of central bank meetings and nonfarm payrolls looms.

FX Daily Majors

Today’s highlights: NZDUSD has broken key support at .8432/16, leaving the bias lower towards our core target at .8362/55.

EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).

The Global Macro Pulse

The USD gathered strength in Asia trading, supported by higher US yields overnight. The 10y US Treasury yield retraced very marginally to 2.586% but still net 6.5bps higher than yesterday’s open.

USD/JPY & AUD/USD sellers should be tempted to step back in

EURUSD: Buyers responded at a marginally fresh low yesterday, butalso showed resistance respect.

UBS Morning Adviser

Is additional US outperformance needed for CAD shorts to work? Having passed up multiple opportunities to talk down the Canadian dollar in statements and

FX Daily

The Spanish and Italian May service PMIs are due for release. The Spanish figureincreased to 56.5 in April, which is the highest print since the beginning of 2007.

Daily Market Technicals

The $1.3647-69 resistance region remains key this week with bulls needing a close above to confirm an easing of bearish pressure and

EUR/USD Analysis

The pair started at $1.3628 in Asia Wednesday, the rate slid to an initial low of $1.3618 from an early daily high of $1.3630 while dollar-yen takes centre stage during Asia session.

EUR: “Time For Talking Nearly Over”

The euro weakened in May following numerous ECB Council members’ comments that made it explicitly clear that additional monetary easing would be taken at the next meeting on 5th June.

JP Morgan: EUR/USD View

The cautious up-trend of the USD over the course of the last 4-5 weeks has finally reached crucial resistance barriers, which if taken out, would constitute a game change on bigger scale, notes JP Morgan.

Daily FX Wrap and Strategy

Crunch. The NZD was kicked lower overnight on the backof yet another dairy price decline. NZD/USD is the worstperforming major currency, down 0.3% at 0.8430.