Tag Archives: EUR/USD
FX: don’t dream it’s over
USD is testing multi-month resistance, but needs to confirm the break yet. Lower global yields – key risk for EURUSD. But hopes that China won’t disappoint this week…
BNZ: USD Recovery: Delayed Or Dead?
Bank of New Zealand retains the conviction that the US dollar recovery will gain traction as 2014 progresses and into 2015.
BNP Paribas: FX View
The top ten views we originally outlined in our year-ahead publication last December remain in place. To review, our 2014 top ten were:
Weekly Economic & Financial Commentary
U.S. Review Mixed Data Unlikely to Change Fed’s Outlook • Although some indicators, such as retail sales and industrial production,
Weekly Report
Market ready of easing Last week ECB President Mario Draghi cautioned that some policy adjustment might be needed at the June 5th meeting.
EUR/USD: Into 200-d Avg
Last week EUR/USD formed a key day and week reversal and dropped through the eleven month support line at 1.3806 and both reversals point to a change in the major long term EUR/USD trend, notes Commerzbank.
Credit Agricole Advises Against Selling The EUR At Current Levels
The EUR has been capped of late, mainly on the back of lower than expected growth data and as most ECB members supported the view of more aggressive monetary policy action being considered as soon as next month.
Daily Technical Report
EUR/USD made a bullish intraday reversal nearthe key support area between 1.3673 (see alsothe wedge formation) and 1.3643 (see also the200 day moving average) yesterday.
FX Daily Majors
Today’s highlights: USDJPY’s focus turns to “neckline” support and the 200-day average at 101.23/21.
The Global Macro Pulse
Asian shares fell, with the Nikkei down 1.7% on the day. HSI dropped 0.7%, the Kospi fell 0.6% and ASEAN markets were 0.1% to 0.6% lower. S&P futures were marginally lower following the sharp correction overnight.
FX Daily
Today’s data calendar is rather thin. In the US, the main focus will be on the releaseof housing starts and building permits for May as well as the release of theUniversity of Michigan confidence indicator.