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).
The Global Macro Pulse
AUDUSD has drifted off of its overnight high of 0.8942 to trade at 0.8882 at the time of writing. Both EURUSD and USDJPY are slighly lower from their New York levels, trading at 1.3513 and 101.43.
UBS Morning Adviser
Still exposed to FX after all Japanese investors have been slow to embrace FX risk in the wake the BoJ’s QQE program – at least that’s the common interpretation of official portfolio flow data.
EM stress recedes – for now. AUD/NZD correction may be over
EUR/USD: There is nothing it strongly arguing for an impulsive bursthigher. It’s rather a short consolidation to digest the recentslump.
FX Daily
Italian and Spanish service PMIs are expected to show further improvement and based on the flash euro-area PMIs, our forecasts are above consensus.
EUR/USD Analysis
The pair opened at $1.3519 today in the Asia-Pacific after last night’s $1.3495 to $1.3529 range during the US hours. The pair rode on an early move higher in euro-yen and
Daily Market Technicals
EUR/USD failed to retest Sept support line but left a higher high and low. To stem losses, bulls require a close above 61.8% at $1.3524 and to retest $1.3574, the Sept support line.
Daily FX Update
Markets continue to show rolling areas of stress butnot rising contagion. Entering the NA open, FX vol is off its highs; after yesterday’s VIX (S&P volatility) rose to a fresh 7‐month high;
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).
FX Daily Majors
Today’s highlights: USDJPY risks stay lower to a more important support zone at 100.09/99.25.
The Global Macro Pulse
FX price action has diverged from equities. AUDUSD has rallied 1.5% from its Asia open in response to the shift by the RBA to neutral from a bias to ease.
ECB Preview: Another refi rate cut
At the ECB meeting last month, Mario Draghi described two scenarios that would lead to action. We saw both of these triggers materialise in January. Therefore, we expect the ECB to ease again on Thursday.