Tag Archives: EUR/USD
FX Daily
We expect the Fed to cut its monthly bond purchases by an additional USD10bn in connection with today’s meeting and hence stick to its unofficial plan for tapering.
Daily Market Technicals
EUR/USD declines slowly after bouncing from Sept 6 support line. Price action slips below the 38.2% of $1.3296-1.3893 and yesterday tested the 23.6% of $1.2755-1.3893 at $1.3624.
EUR/USD Analysis
Poor durable goods data kept the euro supported overnight as it crept up to a high of $1.3673 in late NY session before Asia stepped in, it dived to $1.3649 after CBT hike rates in an unscheduled meeting.
Daily FX Update
EM risk aversion fears are easing into the NA open,with most equity markets stabilizing, US 10‐year yields back up to 2.78%and the USD mixed.
US Morning Update
Our expected 1.1025-1.1075 range yesterday was breached on the topside for more than one reason, as is generally the case in FX. We suspect that some F&C-related flow was partially to blame: either ‘real’ or ‘speculative’.
Daily Technical Report
EUR/USD continues to struggle after its Fridayintraday bearish reversal near the resistance at1.3699. Hourly supports stand at 1.3625 (intradaylow, see also 50% retracement) and 1.3583(22/01/2014 high).
The Global Macro Pulse
Asian FX recovered from yesterday’s lows, led by a 0.5% rally in KRW to 1078. The PHP, MYR and SGD have all strengthened marginally by 0.1% to 0.2%.
EM corrections (not trend-benders) elsewhere mostly consolidation
EUR/USD: The ongoing decline from the recent high (1.3740) lookscorrectional. Intraday conditions would once again bebullish if/when the “B-wave high” at 1.3717 is taken out.
UBS Morning Adviser
Future guidance also now under the spotlight FX investors are still coming to terms with the near-spontaneous improvement in UK economic data several months ago.
FX Daily
Focus will be on emerging markets where one of the important battle lines so far has been Turkey’s attempt to stabilise its currency.
Daily Market Technicals
EUR/USD has stalled above the 38.2% of $1.3296-1.3893 at $1.3665 and daily studies become mixed – 10-day momentum study flatlines around neutral.
EUR/USD Analysis
Another lackluster session for the euro, with euro-dollar gaining modestly in line with the improved risk appetite, though the overall trading range today remained fairly tight.