Tag Archives: EUR/USD

BNP Paribas: EUR/USD: Decline Likely Slow, But Upside Increasingly Limited

BNP Paribas has become more ‘confident’ that although the catalyst for a strong move lower in EUR/USD may take some time to materialize,

The Global Macro Pulse

In G10 FX, AUDUSD has been the main mover, falling 1% to 0.9285 in response to weaker than expected inflation. EURUSD and USDJPY are little changed at 1.3818 and 102.55.

The aussie is an underdog reborn. GBP could give back some gains

EUR/USD: From here, there is a faint near-term upside tilt, but a moveoutside 1.3825/1.3785 would give a better directional hint.Also outside 1.3865/1.3749 would lend a stronger sense ofdirection.

FX Daily

Today focus will be on global PMIs. We forecast euro manufacturing PMI todecline slightly after it peaked at 54.0 in January.

Daily Market Technicals

EUR/USD continues to find support ahead of $1.3779 with bears needing a close below to confirm a break of the 21-DMA and see focus shift to the $1.3673-1.3722 region where key moving averages and

UBS Morning Adviser

Is NZD going down the AUD route already with its China exposure? Much has been made of the RBA’s China focus over the last few years.

A quiet start for the pair after it opened at $1.3805 and following a $1.3789 to $1.3825 range in the US last night. The pair got an early lift to around $1.3809 as initial risk-on sentiment provided support for

Daily FX Update

The USD is generally weaker leading into the NA session; however news flow has been light and markets are generally trading with recent ranges.

FX Daily Majors

Today’s highlights: GBPUSD holds in a high level range just below 1.6822/43. However, we stay bullish for a break higher to 1.6875, then the 1.7044 peak.

Daily Technical Report

EUR/USD has thus far unable to catch a properbid the mid-term uptrend defines. Therefore, inthe short term is moving within a falling channel. An hourly support is at 1.3780 (09/04/2014 low,see also the low of the declining channel).

The Global Macro Pulse

The dollar is broadly stronger today except against the AUD. AUDUSD has risen to 0.9352. However, EURUSD has dipped to 1.3796 and USDJPY is up at 102.64.

USD/JPY offers likely at 102.75-103.10

EUR/USD: The short-term picture remains mixed. A weekly mid-bodypoint at 1.3790 is tested. If it holds and the pair is againlifted over 1.3865, recent peaks at 1.3906 & 1.3967 wouldbecome exposed again.