Tag Archives: EUR/USD

FX: It’s weather, stupid!

The risk sentiment is secure on the hope that bad news is due to weather effects. The USD got broadly hit every day over the past week…will it strike back?

Weekly Economic & Financial Commentary

U.S. Review Monetary Policy: Continuity—For Now · In her testimony to the Congress, the new Fed Chair called for continuity and

EURUSD – nearing critical resistance at 1.3739; support is 1.3683

The reversal at 1.39 was key because it represented a failure at the 2008 downtrend, it also produced a bull trap above Oct & Dec highs.

Happy Valentine’s Day!

Good Day! And a Happy Friday to one and all! On top of it being a Friday before a 3-day weekend, it’s also Valentine’s Day!

Daily FX Update

Leading into the NA long‐weekend the USD is weak, equities and gold prices are strong, oil prices are still flirting with $100, the US 10‐year is at 2.72% and volatility metrics are lower.

Euro area: Steady, but slow, recovery continued in Q4

The Euro-zone ended 2013 on a stronger note than predicted by the market, with GDP growing 0.3% q/q vs. expectations of 0.2% in Q4.

EUR/USD rose sharply yesterday and hassucceeded in making higher highs. Monitor thekey resistance at 1.3739. Hourly supports aregiven by 1.3657 (intraday low) and the short-termrising channel (around 1.3595).

Little news from the Riksbank and Norges Bank

Norges Bank governor Olsen’s annual address last night did not contain any near-term policy signals. However, it included the following statement: ‘Given the prevailing long-term interest rates abroad,

FX Daily Majors

Today’s highlights: GBPUSD stays on course for the measured target from its medium-term base at 1.6691, potentially the 1.6748 peak of 2011.

The Global Macro Pulse

USDJPY made another attempt to test the low around 101.8 in Asia. A 1.8bp drop in US 10y yield to 2.7141% also contributed to the move.

Continued yen buying. Watch cable resistance

EUR/USD: Yesterday’s attempt to trace out a peak was proven wronggiven the break of 1.3655. The minimum target for thefollowing move, 1.3684+, has been fulfilled however the risedoes so far look incomplete.

FX Daily

Q4 GDP for the euro area as a whole and several euro area countries is due forrelease today. Based on our ‘hard data’ model we look for a rise in euro-area GDP of0.3% q/q.