Tag Archives: EUR/USD
Nomura: Can The ECB ‘Shock’ The Euro Next Week? How To Position?
Despite the rate differential versus the USD moving gradually against the euro, the EUR/USD is close 1.38 and as we approach the closely-watched March ECB meeting next week,
Daily FX Update
Markets have been relatively quiet and range bound through the Asian and European sessions as news flow has been subdued. USDCNY continues to grab headlines as it rallied for a third session and
US Morning Update
Price action in equities and USTs during the Asian and London morning sessions suggest ‘risk off’. We suspect participants have been watching moves in CNY closely.
Daily Technical Report
EUR/USD is moving sideways between thesupport at 1.3692 and the resistance at 1.3773. The current mild correction in prices (less than38.2% retracement) favours a short-term bullishbias.
FX Daily Majors
Today’s highlights: AUDUSD spotlight remains on key resistance at .9078/87, above which remains needed to see a better base.
The Global Macro Pulse
The dollar is little changed against the majors, but slightly weaker against EM Asia currencies. AUDUSD is at 0.9024, off its overnight high in US trading, EURUSD is flat at 1.3736,
USD/CAD in the buy zone. USD/TRY higher.
EUR/USD: With the slimmest of margins the market failed to take outthe 1.3774 resistance and completing a five wave advance.
FI Eye-opener: Revised inflation reduces pressure on ECB
Ifo came in better than expected, supporting the view of an improving growth outlook. If the ECB were to act in March it would not because of growth, but a deteriorating inflation outlook.
UBS Morning Adviser
S&P erases 2014 decline, but who benefits? The ‘dollar as a growth currency’ theme is one of the many consensus views for 2014 which have failed to materialise in full.
FX Daily
The second release of the German Q4 GDP figure is likely to get some attention asthe first release of the underlying components is due.
Daily Market Technicals
EUR/USD sees continuing risks of the daily and hourly studies turning lower as bears get ready to focus on a minor support line at $1.3721 and moving averages at $1.3638/42/61.
EUR/USD Analysis
The pair was under pressure during the early European session Monday, sliding to a $1.3708 low before a strong open in US stocks encouraged a recovery back to $1.3748.