Tag Archives: EUR/USD
Daily FX Wrap and Strategy
The NZD/USD traded a relatively tight 0.8220-0.8260 rangeovernight, sitting at the lower end of this range at present.Yesterday’s domestic data,
Technician
EUR/USD: Momentum is roughly neutral. Consolidation on moving averages is most likely technical scenario.
EURUSD – wave-(2) correction reaches extension target & pivot resistance
Because of major weekly resistance and the bearish reversal below 1.39 we have been biased to the downside in Euro and last week prices failed right where old pivot lows and
US Morning Update
For the first time in at least a week, and possibly a bit longer, USDCAD participants are not really watching Canadian macro factors.
Daily Technical Report
EUR/USD made an intraday bearish reversallast Friday near the resistance at 1.3699, whichfavours short-term caution. Hourly supportsstand at 1.3625 (intraday low) and 1.3583(22/01/2014 high).
FX Daily Majors
Today’s highlights: USDJPY has set a top and the prod beneath the 38.2% retracement support at 102.08 warns of a deeper setback to 101.02/01.
The Global Macro Pulse
USDJPY found support from importers’ demand at the low of 101.77 and has rebounded to 102.44. EURUSD was steady at 1.368, while AUD squeezed marginally higher to 0.872.
Monitor the Yen. Sell cable and NOK.
EUR/USD: The, so far non sustained, break above 1.3700 indicates thatthe entire decline from 1.3894 might have been just a threewave downside correction hence suggesting that a newtrend high will be set in
UBS Morning Adviser
Trade rebalancing still elusive Yen bears can take comfort from Japan’s trade data released overnight.
FX Daily
Market focus will remain on the development in emerging markets. At this stage we do not expect the emerging market wobbles to be enough to prevent Fed to continue tapering in connection with the FOMC meeting on Wednesday.
EUR/USD Analysis
The pair opened at $1.3675 this morning in Asia, after a $1.3669 to $1.3699 range in the US on Friday. Euro-dollar soon found itself stuck again in a narrow range, between$1.3670 and
Daily Market Technicals
EUR/USD zipped higher from the Sept 6 support line but then pared gains to leave a bearish looking candle with a long upper shadow, failure to close above $1.3700 adds further pressure lower.