Tag Archives: EUR/USD
UBS Morning Adviser
Policy validation stems from removing the price expectations driver Forward guidance was never going to be uniform across the distinct policy constructs of individual central banks,
Daily Market Technicals
EUR/USD rebreaks the channel top to close above the high from Feb 11, daily studies remain bullish but now nearer overbought. Resistance now at the $1.3700 level from a number of daily highs and lows,
EUR/USD Analysis
Another unexciting day for the euro as it started at $1.3681 this morning in the Asia-Pacific timezone, following a $1.3663 to $1.3692 range overnight in the US.
Daily FX Wrap and Strategy
The NZD has crept a little higher to sit around 0.8340 this morning. Yesterday’s BNZ PMI showed NZ’s manufacturing sector started 2014 on a healthy note. January’s reading of 56.2 is well above 50,
Daily FX Update
Soft employment in Australia, rumours of rising defaultrisk on two Chinese shadow banking products, and ongoing economicuncertainty have markets favouring risk aversion today.
Daily Technical Report
EUR/USD significantly weakened yesterday,suggesting a pickup in selling pressures. A breakof the hourly support at 1.3552 would open theway for a further decline towards the support at1.3477.
FX Daily Majors
Today’s highlights: EURGBP’s collapse from the .8351/66 barrier keeps us bearish and turns attention back to key support at .8165/55.
The Global Macro Pulse
In FX, AUDUSD was the main mover, dropping about 1% to 0.894 in response to weaker-than-expected employment data. EURUSD recouped some of its overnight losses to rise to 1.3615 while USDJPY fell
UBS Morning Adviser
The times are changing For much of the past 3 years, it made sense to play the unfolding Australian macro story through the rates space.
Sell AUD – buy JPY. NOK/SEK liked higher.
EUR/USD: The corrective bounce from yesterday’s low point isexpected to turn down from the 1.3620/30-area and shouldaccordingly be sold with a stop above 1.3655.
FX Daily
US retail sales likely got off to a soft start in January following a strong finish to2013. As consensus we look for 0.0% m/m in total retail sales and 0.1% m/m in retailsales ex autos and gasoline.
Daily Market Technicals
EUR/USD closed within the falling channel but bulls already testing the top as initial res at $1.3618 – break above could resume tracking higher, however failure at channel top increases downside risk.