Tag Archives: EUR/USD
Daily Technical Report
EUR/USD has broken the support at 1.3508.Despite the current lack of follow-through, wefavour a bearish bias as long as prices remainbelow the resistance at 1.3573 (31/01/2013 high,see also the steep declining trendline).
FX Daily Majors
Today’s highlights: AUDUSD immediate risks stay higher to .9079/87, which we look to cap to keep the medium-term bear trend in place.
FX Daily: Going negative matters
There are three reasons why negative ECB rates can have a large impact on the euro.
The Global Macro Pulse
The better than expected US non-manufacturing ISM has boosted risky assets in Asia. All Asian equity markets have risen, with the Nikkei up 0.4%, the Hang Seng up 0.5% and Kospi up 0.8%.
FX Daily
The main event is the ECB meeting, where we expect a refi rate cut to 0.1%. During January we have seen low inflation and declining inflation expectations combined with higher short-term money market rates
EUR/JPY seen as a selling opportunity, $ index higher Thursday
EUR/USD: As we now are into the fourth day of consolidating the steepJan 30-31 decline the bear flag created is getting mature.
UBS Morning Adviser
Whither EURGBP if/when BoE and ECB diverge? The February decisions by the ECB and BoE (next week’s inflation report included) may put
Daily Market Technicals
EUR/USD continues to hold below the Sept 6 support line, now at $1.3578, which bulls have been looking to test since breaking below on Jan 31, ahead of here is yesterday’s high at $1.3555.
EUR/USD Analysis
The pair traded a $1.3503 to $1.3555 range in the US last night before starting this morning’s session at $1.3533. The early risk-on environment, which fueled euro-yen’s initial gains coupled with the positive open in
EURUSD – bear triangle suggests wave-v move lower to 1.3418
Euro has been consolidation via a bear triangle just below support at 1.3525. The triangle fits nicely as a wave-iv in a nearly complete decline but a move above 1.3539 negates the pattern in the near-term.
Daily FX Update
Markets are generally stable into the NA open, butwith the US 10year yield at 2.62%, volatility elevated and JPY outperforming the majors there are still signs that markets are jittery.
FX Daily Majors
Today’s highlights: USDJPY stays bearish near term to test a more important support zone at 100.11/99.25.