Tag Archives: EUR/USD
US Morning Update
* ECB’s Coeure: ECB is ‘ready to act’ if inflation scenario does not materialise, but deleveraging could unleash pent-up monetary policy easing. ECB’s Weidmann: ECB’s ‘expansionary policy is ‘appropriate’.
FX Daily Majors
Today’s highlights: EURGBP above .8351 has seen a base established, and we target .8392 initially, then the 200-day average at .8426.
Daily Technical Report
EUR/USD has moved above the strongresistance at 1.3893. The technical configurationis positive as long as the support at 1.3834(11/03/2014 low) holds. An initial support lies at1.3896 (intraday low).
The Global Macro Pulse
The antipodeans have dominated G10 FX price action. NZDUSD rallied to 0.8520 following the RBNZ’s rate hike and hawkish statement only to get a further leg up to 0.8562 from the AUDUSD.
Weak USD. EUR/GBP upside progress. Kiwi testing next resistance
EUR/USD: Correction completed and a fresh high added and bulls aresmiling – and may do so for a while yet since ~1.40 lieswithin reach before stretching it again.
UBS Morning Adviser
Reality is challenging but sentiment shouldn’t take precedence G10 investors have been forced into crash courses on copper and
FX Daily
In the data calendar the main event today is the release of February retail sales in theUS. We expect headline retail sales to rebound 0.3% m/m on the back of a very weakJanuary where bad weather weighed on consumer spending.
EUR/USD Analysis
The pair started in Asia at $1.3903, after trading a high of $1.3915 last night in the US, matching the high traded last Friday, which was also a 2.5-year high for the single currency.
Daily FX Wrap and Strategy
The NZD/USD sits above 0.8480 this morning as themarket awaits the RBNZ’s meeting today.In the absence of key data releases over the past 24-hours the NZD has traded a path between 0.8440 and 0.8490,
Daily FX Update
Markets remain quiet and in consolidation mode ahead of the NA session following an on-hold BoJ meeting and un-changed tone from policymakers at the BoE and ECB and as PBoC Gov.
Daily Technical Report
EUR/USD has weakened after failing to holdabove the strong resistance at 1.3893. Hourlysupports can be found at 1.3825 (28/02/2014high) and 1.3787 (36.8% retracement).