Tag Archives: EUR/USD
Daily FX Update
Markets are increasingly nervous, with the focus on the Ukraine, but also a host of periphery countries that are also vulnerable. Accordingly, risk aversion has been the key driver of asset classes in the Asian and European sessions.
Commerzbank: EUR/USD Stay Short
After 6 trading days sitting below the 1.3805/78.6% retracement, EUR/USD has finally started to sell off, says Commerzbank.
Finally some support to the US dollar and renewed EM jitters
German HICP will give the first insight into what to expect of the euro area aggregate due to be released tomorrow. We expect the German figure to remain unchanged at 1.2% but
Daily Technical Report
EUR/USD has broken the support at 1.3692,validating a short-term double-top with animplied target at 1.3611. Monitor the hourlysupport at 1.3657 (see also 38.2% retracement).
FX Daily Majors
Today’s highlights: AUDUSD again rejects key resistance at .9078/87, but below .8907 is needed for a top.
All together now
Repeat after me: 10-year rates will rise and the dollar will advance in 2014. That seems to be the near unanimous chorus from Bloomberg analysts judging by the forecasts on FXFC <GO> and ECFC <GO>, respectively.
The Global Macro Pulse
NZD started the day rallying to 0.83 as a stream of positive data and news hit markets. A weak capex survey, on the other hand, pushed AUD down to 0.892 although it has since retraced to 0.894.
€ takes a beating. USD/CAD higher. AUD/NZD down.
EUR/USD: With the break of 1.3708 the triangle scenario was abortedcalling for a slightly premature peak to have been set. Thefollowing violation of 1.3684 has further enhanced theprobability of a top been put in place.
UBS Morning Adviser
Capex Cliff Approaches Confirmation arrived overnight that Australian miners expect to cut
FX Daily
Some important releases are due today ahead of next week’s ECB meeting. Acontinuation of the weakness in monetary and credit developments will add to thearguments for more easing from the ECB.
Daily Market Technicals
EUR/USD sees the daily hourly studies turn lower as bears push through the support line and below the 5-DMA, which turns initial resistance at $1.3720.
EUR/USD Analysis
Worries about tensions in Ukraine contributed to pressure on the euro last night, with the pair declining to $1.3662 in the US session before finding a base just above the 55-day moving average of $1.3660,