Tag Archives: EUR/USD
EURUSD – falling bullish wedge targets 1.3680
There is a clean bullish falling wedge’ in the Euro that has met the wedge support level and is so far bouncing. The wedge target line aligns with the first fib retracement zone at 1.3680.
EUR/USD Into ECB June Meeting: Next Week Range & Outlook
The following are EUR/USD range and and bias for next week as provided by Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU).
Daily FX Update
The bond market is telling an important story. Yesterday the U.S. 10-year yield collapsed and there has been follow through today, with it moving into the open at an 11-month low of 2.42%.
FX Daily Majors
Today’s highlights: NZDUSD has completed its expected top, and we look for further weakness to .8362/49.
Daily Technical Report
EUR/USD has moved decisively below the short-term support at 1.3616 (23/05/2014 low), confirming the recent technical deterioration.
The Global Macro Pulse
AUDUSD rallied to 0.9276 in response to a better-than-expected capex survey. EURUSD traded to a low of 1.3589 before recovering to 1.3607 while USDJPY dipped to 101.69.
EUR: How To Position If ECB Goes Negative On Depo Rates Next Week?
The prevailing market view seems to be that the ECB will cut the main refi and deposit rates and will introduce additional liquidity measures – e.g. suspend the sterilization of SMP – next week, notes CitiFX.
UBS Morning Adviser
April’s consumer price data will be released in Japan on Friday This will be the first release of national CPI following the country’s sales tax rise.
Daily Market Technicals
The move towards the 2014 low continued on Wednesday with the EUR/USD breaking and closing below the previous initial support at $1.3612.
EUR/USD Analysis
The pair traded between $1.3590 and $1.3630 last night in the US before it opened near the low end of that range at $1.3591.
Daily FX Wrap and Strategy
The NZD/USD was the weakest performing currency overthe past 24-hours. It sits at 0.8490 this morning.Fonterra announced its forecast payout for the 2014/15season yesterday morning.
Daily FX Update
Globally, bond yields are lower with the U.S. 10‐year entering the NA session at 2.50%, flirting with its May 15th low of 2.47%.