Tag Archives: EUR/USD

EURUSD – Gartley, Elliott and hourly triangle all imply move to 1.36’s

The conviction level is rising for a move the low 1.36’s. First off, we have the Gartley pattern, highlighted yesterday, that projects to 1.3612.

Daily FX Update

Markets are shockingly quiet considering building Ukraine risk aversion into the weekend; accordingly equities are soft, the US 10‐year is back down to 2.66%,

Daily Technical Report

EUR/USD has further recovered off supportat 1.3780. However, bullish rally is weak. Neartermsupport is located at 1.3785 (22/04/2014low, see also the low of the rising channel).

FX Daily Majors

Today’s highlights: NZDUSD stages a bearish “outside day” reversal keeping the spotlight on key “neckline” support at .8537/14. A break here though remains needed to complete a top.

The Global Macro Pulse

AUDUSD and USDJPY are flat at 0.9269 and 102.37 respectively while EURUSD moved slightly higher to 1.3832. Most EM Asia currencies weakened against the dollar at the open,

EUR/USD: Range & Outlook For The Week Ahead

The following are EUR/USD range and and outlook for next week as provided by Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU).

Weaker SEK in the offing and so is a stronger yen

EUR/USD: The pair is just getting whipsawed around inside range.Keep watching 1.3785 & 1.3865 for directional leads.

PBOC will remain active in China rates market, but volatility will persist As financial reform in China continues, the People’s Bank of China (PBOC) faces the challenging task of a smooth transition in interbank and FX markets.

FX Daily

Today’s calendar is fairly light in terms of data releases. In the US University ofMichigan consumer confidence for April is due for release. We expect it to havedeclined to 78.5 from 80.0 in March,

Daily Market Technicals

The euro continues to find support in the 1.3779-00 region with EUR/USD having again bounced from this region Thursday. Bulls continue to look for a close above $1.3863 to

EUR/USD Analysis

The pair traded a high of $1.3833 last night in the US and ended just off that high at $1.3831. This morning in Asia, it started with a brief move up to $1.3834 before easing to around $1.3830.

Daily FX Update

Markets are adding to risk positions into the NA open as earnings continue to suggest that global growth is improving (Caterpillar raising outlook, GE, Facebook & Apple beat, etc).