Tag Archives: EUR/USD

FX Daily Majors

Today’s highlights: EURUSD back below the 200-day average maintains thoughts of a bear “wedge” and further weakness to 1.3520.

Daily Technical Report

EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).

Commerzbank: EUR/USD View

EUR/USD continues to consolidate around the 200 day ma at 1.3638, notes Commerzbank.

The dollar had a brief, small rally in early Asian trading, but just as quickly gave up gains, leaving suspected PBoC intervention selling USDCNY above 6.26 onshore to be the main event for the day, in our view.

UBS Morning Adviser

Inflation will drive the dollar higher – but only if yields follow through In the latest edition of UBS Macro Strategy Weekly ‘Key Issue’,

FX Daily

The most important release is euro area money supply and credit growth for April.At the ECB-forum in Sintra ECB-president Draghi in his speech Monday appearedconcerned about banks’ capacity to increase loans.

Daily Market Technicals

EUR/USD continues to oscillate around the 200-DMA ($1.3641) with initial resistance noted just ahead on the hourly time frame today.

EUR/USD Analysis

The pair opened at $1.3635 this morning after a $1.3612 to $1.3642 range last night in the US. Early dealings were muted, with euro-dollar shuffling between $1.3634 and $1.3637 initially.

Daily FX Wrap and Strategy

The NZD/USD sits at a very similar level to yesterdaymorning, just below 0.8550 currently.In a quiet day, the NZD/USD made a bid for the 0.8580level early yesterday afternoon.

EURUSD – choppy decline tempers bearishness; n/t range 1.3615/3670

The break of multiple up trends and the RSI 40 level supports our cal that a significant bearish rising wedge completed near 1.40 and a new downtrend is underway.

Daily FX Update

Markets are quiet leading into a slew of U.S. data and favouring risk taking. Equities are strong the US 10 year is at 2.53% and the USD is mixed, but changes since yesterday’s close are minor.

FX Daily Majors

Today’s highlights: USDCAD remains under downside pressure, targeting May’s low at 1.0813 next, with scope for 1.0738/31.