Tag Archives: EUR/USD
Commerzbank: What Is Going On With This ‘Tenacious’ EUR?
“EUR-USD has fought its way to the area just above 1.3700. This illustrates once again to what extent the euro zone debt crisis is a thing of the past for the FX market,
Low Swedish inflation increases rate cut pressure
Swedish inflation data released this morning was lower than expected. CPI declined 1.2% m/m and 0.2% y/y in January, which is 0.3 percentage points below the Riksbanks forecast both on m/m and y/y numbers.
Daily Technical Report
EUR/USD is close to the key resistance at1.3739. Hourly supports are given by 1.3657(intraday low) and the short-term rising channel(around 1.3635). Another resistance can befound at 1.3819.
FX Daily Majors
Today’s highlights: USDJPY rallies sharply overnight, but above 103.40/68 is needed for a better base.
Trade for the century
Let’s forget about the next few weeks for a moment and think about the big picture.What is the market pricing for future FX rates? The first chart below looks at expectedcurrency moves over the next five years using forwards.
The Global Macro Pulse
USDJPY and the Nikkei rallied in response to the Bank of Japan extending and increasing the size of its subsidized loans to banks.
USD/JPY contesting resistance (102.85) & possible GBP/USD reversal
EUR/USD: Directional indications are weak inside 1.3562 & 1.3740, buta move back under a Feb11 high of 1.3683 would anyway beof some interest.
FX Daily
In the data calendar the main events are the ZEW indicator in Germany, CPI inthe UK and the NAHB housing market index and Empire.
UBS Morning Adviser
TSF figures losing relevance for Australia The RBA minutes overnight affirmed the effects of expansionary policy but warned the economy was below-trend.
Daily Market Technicals
EUR/USD remains above the former channel top with daily stochastic study remaining firm but other studies approaching overbought levels.
EUR/USD Analysis
The pair started this morning at $1.3707 and with lack of leads from the US holiday overnight, spent the early hours of the session drifting between $1.3700 and $1.3710.
JP Morgan: EUR/USD Higher W/o Conviction
EUR/USD’s defense of daily Ichimoku-support (at 1.3551 today) with the lagging line followed by the break above the first minor T-junction at