Tag Archives: EUR/USD

Daily Market Technicals

EUR/USD spikes higher to test the $1.3700 level where a number of previous highs and lows form resistance – now seen as initial res which capped yesterday’s large white candle.

Morning Report

Dollar dropped sharply overnight against yen and Europeans together with stocks and yields. DOW lost -176 pts, or -1.07% to close at 16197.35, at the lowest level in a month.

The USD is mixed leading into the NA open, with growth sensitive currencies like CAD, MXN and AUD all weak, reacting toChina’s disappointing HSBC PMI manufacturing release (49.6) and theirrespectiove domestic positions.

Daily Technical Report

EUR/USD continues to bounce after havingposted a new lower low at 1.3509. Hourlyresistances are given by the declining trendline(around 1.3620) and 1.3650 (16/01/2014 high).

Currency analysis EURUSD

The EUR/USD exchange rate is currently subject to opposing forces. On the one hand, liquidity and improvement with respect to the debt crisis continue to support the euro.

FX Daily Majors

Today’s highlights: USDCAD surges higher again to keep the uptrend firmly in place for our 1.1234 first core objective.

The Global Macro Pulse

AUD and CAD led selloff in G10 against the USD, the former has weakened to 0.879, back essentially to yesterday level pre the CPI release while the latter dropped to 1.1148.

FX Daily

The main release will be euro PMI in January. Manufacturing PMI is likely to move broadly sideways after having been on an upward trend since April 2013.

CAD & AUD is getting all the heat while GBP basks in the sun

EUR/USD: It’s not here action is at the moment. The most recentdirectional information was two sets of near-term bearishimpulses intersected by a correctional structure.

UBS Morning Adviser

USD benefiting from ‘reverse’ diversification The Bank of Japan’s QQE program is already 8 months old,

EUR/USD Analysis

The pair started in Asia $1.3547 after a $1.3539 to $1.3584 range in the US last night. Early interest carried the pair higher but euro-yen losses following the China flash PMI data stifled the move and

Daily Market Technicals

EUR/USD stalls below 100-DMA at $1.3580, now initial resistance alongside lows of Jan 15/16 at $1.3582/83, bulls look to close above to retest former July support line at $1.3638 however risk remains to