Tag Archives: EUR/USD
Daily FX Wrap and Strategy
The NZD has surged higher overnight, riding a wave of positive risk sentiment and benefitting from a positive AUD story.
EURUSD – above 1.3733 can see test of critical 1.3833; supp is 1.3708
The 1.3833 level is important topside resistance based on highs that date back to last year; it is also the ideal target for wave-d of a possible triangle and finally resistance from a 2008 downtrend line.
US Morning Update
Activity in G10 FX pairs was extremely lacking this morning in London, but that shouldn’t shock anyone. European equity indices were trading in the black following modest gains in Asia overnight, but the tone still feels cautious overall,
Daily FX Update
Markets have carried over from yesterday; with equities rallying (S&P reached a new high yesterday); the US 10‐year shifting higher (now up to 2.72%); volatility lower and the USD generally weaker.
Barclays: EUR/USD Ahead Of ECB
For the second consecutive month, Barclays Capital sold EUR/USD as a tactical trade recommendation ahead of the ECB policy meeting.
FX Daily Majors
Today’s highlights: AUDUSD breaks its short-term downtrend, maintaining thoughts of a base, with a break above .9078/87 needed to confirm.
Daily Technical Report
EUR/USD has recently weakened near its keyresistance area between 1.3832 (25/10/2013high, see also the long-term declining trendline)and 1.3893.
FX Daily
The ECB meeting will be the main event today and we expect the ECB to ease policy. On Monday, ECB president Mario Draghi told the European parliament that thecurrent rate of
The Global Macro Pulse
EUR has declined slightly to 1.372 ahead of today’s ECB meeting while a strong retail sales report spurred the AUD to rally to 0.901. EM Asia FX continued to strengthen with the exception of the THB which fell 0.1%.
UBS Morning Adviser
News flow improves We have previously highlighted the long-term downside risks for
Sell NOK/SEK. Possible break higher in AUD/USD
EUR/USD: Slowly but so far not really convincingly the market hasbacked off from the 2008 top line (55d Bollinger bandshigh). It will in fact take a break of 1.3643 to raise confidenceof a peak in place.
Daily Market Technicals
EUR/USD recovery was contained by the Bollinger band, which drops to $1.3800, as well as by a band of resistance in the $1.3825/41 area, which contains former highs,