Tag Archives: EUR/USD
Positive $ index break. EUR/PLN fell out of bed
EUR/USD: With a still persisting hourly RSI divergence, the price outside the 55d ma Bollinger and with the still firm 1.3635 support we cannot but read the setup as supportive to the 1.3730 bounce suggested yesterday.
The Global Macro Pulse
The dollar is similarly mixed. EURUSD has drifted down to 1.3646 and USDJPY is up to 101.77, but AUDUSD has recovered early losses to trade at 0.9243.
UBS Morning Adviser
Leap-frogging the Australian Dollar FX reserve managers and sovereign wealth funds are adding renminbi to their portfolios,
FX Daily
German IFO and US new home sales will be the main data to watch. We look for a small rise in the German IFO, pointing to continued robust growth inGermany.
Daily Market Technicals
EUR/USD continues look heavy with lower daily highs weighing, but support remains on approach to the 200-DMA. Bulls now look for a close back above the $1.3688 level to
EURUSD – wave-(c) of 2 indicates one more push to 1.3775
The correction of the initial wave-1 decline (1.3993-1.3648) still tracking higher to 1.3775/80. With RSI support having already given way, once this correction completes,
EUR/USD Analysis
The pair opened at $1.3656 this morning in Asia, following an overnight range of $1.3645 to $1.3674 in the US. Euro-dollar marked an initial session high of $1.3660 soon after the open and
Daily FX Wrap and Strategy
The NZD/USD sits at a similar level this morning, around0.8560.The NZD/AUD came under initial heavy selling pressureafter the release of a stronger than expected HSBC ChinaPMI yesterday afternoon.
Bank of Tokyo-Mitsubishi UFJ: EUR/USD Under Modest Pressure S/T
EUR/USD – bearish bias – (1.3500-1.3800).
Credit Agricole: FX View
We advise against selling the EUR in the very short-term. This is due to the heightened risk of the ECB disappointing elevated market expectations, especially when it comes to cutting the deposit rate to negative.
Daily FX Update
Markets are relatively quiet as global PMIs suggest ongoing expansion in both manufacturing and services with some evidence of deceleration.
Commerzbank: EUR/USD View
EUR/USD has sold off to the 200 day ma at 1.3634, and while this has provoked some consolidation it is not expected to hold, notes Commerzbank.