Tag Archives: EUR/USD
The euro threatened by deflation
Calm returns for emerging currencies Some calm returned to emerging markets last week, as several central banks (including those of Turkey, South Africa and India) announced interest rate hikes.
Technician
EUR/USD: Momentum is practically neutral. Consolidation on moving averages is now most likely technical scenario.
Daily FX Update
The USD has weakened; the DXY has dropped to afresh 7‐session low and all the major and EM currencies (with the excep‐tion of JPY) gaining ground against the USD over the last five trading sessions.
Daily Technical Report
EUR/USD continues to improve and is nowclose to the resistance implied by the decliningchannel (around 1.3655). A key horizontalresistance stands at 1.3739.
FX Daily Majors
Today’s highlights: USDJPY’s recovery extends, but we look for selling at 102.95/98 and for 103.46/60 to cap to keep the risks lower in the range.
The Global Macro Pulse
The USD has been essentially directionless. Although AUDUSD is down slightly to 0.8942, EURUSD and USDJPY are roughly unchanged at 1.3626 and 102.38.
USD/CAD – false break points up. NOK/SEK – higher.
EUR/USD: The comeback staged Thu/Fri will probably lead the pairhigher during the start of the week with the estimated Dectop line, 1.3655,
FX Daily
Quiet start to the week with no tier-1 data released. Italian industrial production and the euro sentix survey are the only releases and are unlikely to have a market impact.
Daily Market Technicals
EUR/USD closed back above Sept 6 support line which bears look to retest at $1.3587 – break below could start another decline after bulls were capped by Dec 30 falling channel top at $1.3636.
EUR/USD Analysis
The pair started in Asia trading a little lower than the $1.3633 NY close on Friday, and then went below the initial support at the $1.3650 low from Friday, triggering minor stops below this level.
Daily FX Wrap and Strategy
The NZD/USD has benefitted from a general improvementin risk appetite, and more specifically from a soft USD onFriday night. It ended the week close to 0.8300.