Tag Archives: EUR/USD
Daily FX Update
A general sense of risk off, profit taking into the weekend and expectations of June ECB policy action has driven the USD higher, equities lower and the US 10yr yield back down to 2.6%.
Daily Technical Report
EUR/USD made a sharp bearish intradayreversal near the key resistance at 1.3967yesterday. The support at 1.3865 (05/05/2014low) has been broken, negating the short-termbullish momentum.
UBS Morning Adviser
Low US rates & strong fundamentals boosting KRW Continued low US rates have helped EM portfolio flows and have resulted in a resurgence in EM currencies.
Strong rejection from the $ key support. NOK stronger
EUR/USD: The minimum target, a move above 1.3967, was yesterdayachieved however falling short of our ideal target, the wedgeceiling at 1.4020.
FX Daily
We have a very light data calendar with only secondary data releases scheduled. InEurope both the UK and Italy will release industrial production for March.
Daily Market Technicals
The spike to fresh 2014 highs was sharply reversed on Thursday with the relatively bearish close back below the 21-DMA ($1.3842) easing bullish pressure and seeing immediate focus shift back to the $1.3771 low from last week.
EUR/USD Analysis
The pair continued to feel the effects of overnight remarks by ECB President Draghi this morning in Asia but losses have been contained as the weekend approaches.
ECB Draghi Successful So Far In Jawboning Euro lower
European Central Bank President Mario Draghi could certainly pat himself on the back Thursday, given that his comments about the high level of the euro had the desired effect of moving the euro lower.
Daily FX Wrap and Strategy
The NZD traded a relatively tight range over the past 24-hours, to sit at 0.8640 this morning.After the previous days’ sharp falls the NZD/USD easedinto a steady range of trading yesterday.
ECB: “We feel comfortable with acting next time”
Soft words, no cuts this time – as expected. But judging from what Draghi said, we feel that the probability for action at the next meeting is now above 50%.
Daily FX Update
A fresh wave of USD weakness, an easing in Russian geopolitical risk, the BoE and ECB leave rates on hold and Chair Yellen warns on housing.
Daily Technical Report
EUR/USD has thus far failed to break the keyresistance at 1.3967. However, the short-termtechnical structure is positive as long as thesupport at 1.3865 (05/05/2014 low, see also therising channel) holds.