Tag Archives: EUR/USD

EUR/USD Analysis

Another relatively subdued session in Asia today with euro-dollar again stuck within a narrow range following last night’s testimony by new Fed chair Janet Yellen.

Daily FX Wrap and Strategy

As risk appetite continues to recover in global markets the NZD/USD has crept higher. It sits at 0.8340 this morning. Domestically, it was another fairly low-key day yesterday.

The USD is weak leading into Chair Yellen’s first testi‐mony as Fed Chair. The DXY has traded to a fresh 9‐session low and is flirting with a break of its 100‐day MA and trend support (see bottom chart).

Daily Technical Report

EUR/USD continues to improve by moving outof its declining channel. An horizontal resistancecan be found at 1.3685 (50% retracement). A keyresistance stands at 1.3739.

FX Daily Majors

Today’s highlights: USDCAD has found support at 1.0981/66, but above 1.1123/40 is needed to turn the trend higher again.

The Global Macro Pulse

G10 FX saw CAD, AUD, and EUR jump in succession in what seems to be stop driven moves. USDCAD jumped from 1.1057 to 1.1087 in early Asian trading before settling at 1.1081.

UBS Morning Adviser

Sentiment stabilisation cannot mask secular changes Risk appetite is likely seeking for some consolidation heading into Fed Chair Yellen’s testimony on Tuesday.

EUR/USD is scanning nearby resistance – make or break? Weaker HUF

EUR/USD: The move higher last week has been extended this morningto the point where it meets thought resistance at the highend of the Fibo adjusted short-term “Ichimoku cloud”.

FX Daily

Fed chairman Janet Yellen testifies before the House Financial ServicesCommittee in her first semi-annual report on monetary policy since taking over fromBen Bernanke.

Daily Market Technicals

EUR/USD continues to edge higher and pops above the falling channel top – now initial support at $1.3630. Bears aim to retest channel top and a break below could retest Sept 6 support line at $1.3591.

EUR/USD Analysis

The pair also started the session confined within a narrow $1.3640/50 range but got a boost from aussie-dollar’s rally through $0.9000 this morning.

U.S. Dollar Near Two Week Low Before Yellen Speaks

The dollar wallowed near a two-week low against a basket of major currencies early on Tuesday, following a subdued U.S. session trade as markets hunkered down ahead of congressional testimony by new Federal Reserve Chief Janet Yellen.