Tag Archives: EUR/USD
Weekly Economic & Financial Commentary
U.S. Review Still on Track • Nonfarm payrolls rose by 175,000 in February as employers looked past the nasty weather of late.
EURUSD – new breakout ; channel & wedge resistance is 1.3905/3950
The 2008 downtrend has been broken along with multi-month pivot resistance near 1.3833. Now there is very little natural resistance up to ~1.42.
Daily FX Update
The USD is weak entering the NA employment session as other asset classes are trading in relatively tight ranges. The focus today is nonfarm payrolls, how most are prepared to look through it on the back of weather.
ECB paves the way for a test of 1.40 in EUR/USD, but…
Yesterday’s ECB meeting turned out to be a significant disappointment for those (including ourselves) looking for a weak inflation forecast to signal further easing from Frankfurt.
Daily Technical Report
EUR/USD surged higher yesterday and is nowchallenging the strong resistance area between1.3832 (25/10/2013 high, see also the long-termdeclining trendline) and 1.3893.
FX Daily Majors
Today’s highlights: AUDUSD’s break above .9078/87 confirms a bullish “reverse head & shoulders” base, to target .9168/70 initially.
The Global Macro Pulse
G10 FX rates are largely unchanged in Asian trading ahead of US payrolls with EURUSD at 1.3858, AUDUSD at 0.9084 and USDJPY at 102.93.
UBS Morning Adviser
Fed’s Threshold Beckons UBS economics expects the US unemployment rate to fall to 6.5% today,
OZ more upside potential, EUR/NOK bullish turn
EUR/USD: The break above 1.3782 certainly got the bulls chargingahead breaking and closing above the 2008 top line as wellas outside the 55d Bollinger bands.
FX Daily
The main release today is US non-farm payrolls. We look for a rise of 145,000 but theestimate is extra uncertain currently due to the weather effect.
Daily Market Technicals
EUR/USD spiked higher and above the Bollinger band of $1.3847, which along with weaker hourly studies suggests room for a pause. However, the move helps establish the rising trend from February and
EUR/USD Analysis
The ECB decision to keep policy unchanged and the bullish tone from ECB President Draghi gave the euro a boost to a $1.3873 last night, its highest since Dec. 27,