Tag Archives: EUR/USD
EUR/USD Analysis
The pair started in Asia around $1.3593 after a $1.3562 to $1.3599 overnight range in the US. Early losses due to risk off put the euro under some pressure in the Asian morning but euro-dollar’s falls were limited.
Daily FX Wrap and Strategy
The NZD sits around 0.8320 this morning, having traded as high as 0.8360 overnight. The NZD gained a boost yesterday afternoon, along with the AUD, on the back of better than expected China trade data.
EURUSD – shooting star signals end to wave-ii correction; lower now
Our outlook has been for a wave-ii rally to complete below 1.3739. Yesterday’s bearish shooting star reversal above then below the Dec downtrend line suggest the upward correction is complete.
US Morning Update
Conditions during the London morning were once again supportive of ‘risk’, following Yellen yesterday and surprisingly good Chinese data overnight.
Daily Technical Report
EUR/USD weakened yesterday close to theresistance at 1.3685 (50% retracement), makingan intraday bearish reversal. A break of thehourly support at 1.3609 would negate the shorttermpositive structure.
Norwegian GDP to support the NOK
In the UK the event of the week will be today’s Bank of England Inflation Report (IR). The MPC has indicated that the forward guidance framework will be reviewed in the IR as unemployment has come down rapidly to
FX Daily Majors
Today’s highlights: AUDUSD spotlight turns to important resistance at .9078/87, a break above which would see a base.
The Global Macro Pulse
New Fed Chair Yellen’s clear message of continuity of Fed policy has helped push equities and EM Asia currencies higher across the board. The Nikkei is up 0.7%, the Hang Seng rallied 1.1%,
UBS Morning Adviser
Liquidity Preference Immune to Guidance Tweaks (so far) The policy implications from the BoE’s inflation reports will dominate proceedings for short-dated interest rates,
AUD & SEK look like winners
EUR/USD: Sellers responded – again – at the high end of the “cloud”.But to show some commitments we need to see sellersbelow a wider near-term support zone (1.3610\1.3580) and
FX Daily
Euro-area industrial production is likely to show a decline in December followingthe strong gain of 1.8% m/m in November. Most euro countries have publisheddeclines in industrial production for December.
Daily Market Technicals
EUR/USD turns around to retest falling channel top as support at $1.3624 – bears eye a break back into the channel to test key support noted around $1.3600 level,