Tag Archives: EUR/USD

Daily FX Update

Outside of individual domestic stories (AUD, GBP &CAD) FX markets are relatively quiet. AUD has rallied on firmer inflation, which has removed expectations for an RBA interest cut;

Daily Technical Report

EUR/USD’s bounce near the support at 1.3524has thus far been weak. Hourly resistances standat 1.3583 (16/01/2014 low) and 1.3650(16/01/2014 high, see also the decliningtrendline).

FX Daily Majors

Today’s highlights: EURGBP as expected has broken below .8230 to keep the bear trend in place for our core target at .8165/55.

The Global Macro Pulse

AUD has been the big mover so far, rallying 0.7% to 0.886 following a much stronger than expected inflation report. This pushed AUDNZD higher to 1.0656.

AUD & CAD corrections are taking place

EUR/USD: Buyers keep responding in the low 1.35s but there is still a1.3580 cap in place. One side has to give to show the way.Intraday stretches are currently located at

FX Daily

It will be another quiet day in terms of data. The UK releases its unemployment report at 10:30 CET and we look for a further decline in unemployment to 7.2% in November from 7.4% in October.

UBS Morning Adviser

Can the BoC use the CAD as a direct policy tool? The Bank of Canada is expected on Wednesday to join the growing list of minor G10 central banks in anchoring expansionary policy guidance.

Daily Market Technicals

EUR/USD is leaving higher highs and lows after bouncing from support just above the $1.3500 level – bears aim to retest this key level however bulls eye former July support line at $1.3632.

The pair started in Asia this morning at $1.3561 after a $1.3522 to $1.3570 range overnight in the US. It saw a slow start to the session, confined to a narrow $1.3555 to $1.3565 range in the early hours.

Daily FX Update

The USD is stronger as the market shifts its focus to the January 29th Fed meeting and the potential risk of an increase in the pace of tapering.

Daily Technical Report

EUR/USD remains in a corrective phase after itsfailed attempt to break the resistance at 1.3832(25/10/2013 high), as can be seen by the recentlower lows. Monitor the bounce attempt nearthe support at 1.3524.

FX Daily Majors

Today’s highlights: EURGBP is expected to see a break of the .8230 recent low, for our .8165/55 target.