Tag Archives: EUR/USD
The Global Macro Pulse
Markets are closed for the lunar new year holiday in China, Hong Kong, Taiwan, Indonesia, Singapore, Vietnam, and Korea. Elsewhere, sentiment remained generally weak despite the stronger US equity performance in NY trading.
FX Daily
Markets will continue to keep a watchful eye on emerging markets but it has been relatively calm overnight with large parts of Asia off today for celebration of the Chinese New Year.
UBS Morning Adviser
Currency risk beta the driver – for now The selloff in Emerging Currencies may have taken a breather but structural problems remain.
Daily Market Technicals
EUR/USD collapsed to the Sept 6 support line and has moved below today – it turns into initial resistance at $1.3561 which bulls will aim to retest today.
EUR/USD Analysis
The pair started lower at $1.3555 in relatively quiet Asia markets as most regional countries are closed for Chinese New Year holidays.
EUR/USD Dives to 1.3550 as U.S. Consumer Spending Rises
The dollar strengthened a fifth day versus the euro as U.S. consumer spending rose the most in three years a day after the Federal Reserve scaled back bond purchases that weaken the greenback and support global asset prices.
Daily FX Wrap and Strategy
After the RBNZ left rates ‘on hold’ yesterday morning theNZD/USD showed a knee-jerk gap lower. It trades at0.8140 this morning.Yesterday the RBNZ left its Official Cash Rate unchangedas we expected.
Daily FX Update
Markets continue to display signs of nervousness asboth EM and G10 FX vol is higher; but there appears to be no increase ingeneral fears as US equities are higher,
Daily Technical Report
EUR/USD continues to post lower highs sinceits high at 1.3739. An hourly support area nowstands between 1.3603 (29/01/2014 low) and1.3583 (22/01/2014 high).
FX Daily Majors
Today’s highlights: USDJPY stages a bearish “outside” session which leaves the immediate risks lower to 101.02/100.62.
The Global Macro Pulse
The fall in US equity markets overnight combined with the Fed’s additional $10bn taper to drive deeper risk aversion in Asia.
Sell €/JPY above 140. Weaker SEK, NOK & PLN.
EUR/USD: So far this week each and every day has fallen below theprior day’s low point only to be immediately rejected andending in the upper end of the daily range.