Tag Archives: EUR/USD

UBS Morning Adviser

Despite the EM selloff, liquidity concerns Despite the perception of volatile FX markets in recent days due to the Emerging Market selloff,

Emerging markets continue to be the focal point. As long as this is the case financial markets will take the lead from the development in the EM currencies and macroeconomic data will be of secondary importance.

Daily Market Technicals

EUR/USD left a long lower shadow after bears tested support down to the $1.3600 level but closed just below the open. Daily studies may reverse lower and bears retarget the 100-DMA at $1.3601,

EUR/USD Analysis

The pair opened at $1.3663 after a $1.3603 to $1.3677 range in the US last night. The early risk-off environment weighed the pair down to $1.3656 in the early hours as euro-yen also retreated after the lower open in Japanese stocks.

U.S. Dollar Remains Steady Against Most after Fed Taper

The dollar weakened against the yen and Swiss franc on Wednesday as traders reckoned emergency action taken to stall the fall of the Turkish currency would not be enough to calm jitters over global emerging markets.

Daily FX Wrap and Strategy

The NZD/USD has traded a tight range ahead of thismorning’s US Fed and RBNZ meetings. It sits around0.8270 at present.Risk appetite remained somewhat subdued overnight asemerging market concerns continued to simmer and

EURUSD – downside break of 1.3630/3686 range implies move to 1.3580

We have been treating the rally to 1.3750 as the final leg of a wave-(2) correction. Now the Euro is again threatening to break the uptrend from July as the downtrend reengages.

Daily FX Update

Currency markets are shifting but it isn’t a broadbased USD move and instead a series of domestic developments and riskaversion that is driving markets leading into today’s Fed meeting.

Daily Technical Report

EUR/USD continues to drift lower after its peakat 1.3739. Hourly supports stand at 1.3625(intraday low, see also 50% retracement) and1.3583 (22/01/2014 high).

The Global Macro Pulse

The USD lost ground against risk currencies ahead of the FOMC. AUD edged higher to 0.8805, NZD to 0.8277, leaving AUDNZD essentially unchanged at 1.0639 before the RBNZ meeting tonight.

UBS Morning Adviser

A question of when, not if There has not been a policy rate adjustment in New Zealand since March 2011, when a 50bp ‘insurance cut’ followed in the wake of the Canterbury earthquake.

The loonie is stuck on a losing track. SEK tries to break resistance.

EUR/USD: Another lower daily high and lower low was addedyesterday, but buyers responded near the 8day “Tenkan-Sen” & Jab23 bullish benchmark candle mid-body point at1.3622.