Tag Archives: EUR/USD
UBS Morning Adviser
Cross-asset confidence supporting risk The FOMC’s December taper should have been the event which would signal the end of secular declines in FX volatility.
Positive $ signs, sell the NOK and MXN
EUR/USD: The first step of the next attempt to break the 55d ma andJuly support line has now been taken. The bounce from the1.3581 low point should be seen as corrective hence anopportunity to sell.
FX Daily
In the data calendar the main event is US consumer prices for December. We expect inflation to accelerate to 1.5% y/y from 1.2% y/y mainly on the back of higher food prices.
Daily Market Technicals
EUR/USD descended from the 21-DMA to retest the July support line, now at $1.6307 – but bears again failed to make a significant break below. Current price action edges back above this level while daily studies drift higher,
EUR/USD Analysis
The pair was surprisingly stronger this morning, despite the broader US dollar gains elsewhere. Euro-dollar started in Asia at $1.3623 and briefly sank below $1.3600 for
Daily FX Wrap and Strategy
The NZD weakened against a strong USD overnight, alongwith all of its peers. It sits at 0.8330 this morning.There was little news domestically to drive the currencyover the past 24-hours.
EURUSD – below 1.3595 July uptrend reengages impulsive decline
The Euro has satisfied the price requirement for this correction which makes 1.37 a likely high for the near to medium term. Whether wave-(2) is complete (or just wave-a of (2)) the target for the next leg lower is now 1.3364 at a minimum.
Daily FX Update
Markets are active into the NA session; with abroadly weak USD juxtaposed against stronger equities and a US 10year yield at 2.9%.
US Morning Update
The USD has rallied in a steady, orderly fashion since yesterday’s US retail sales print for December. The move so far has been rather broad based, with some G10 currencies (like the AUD) falling more than others.
FX Daily Majors
Today’s highlights: USDCAD continues to rally strongly after the completion of a medium-term base, and we stay bullish for 1.1234 next.
Daily Technical Report
EUR/USD remains in a bullish rising trend whileabove the key low at 1.3549 (09/01/2014 low).From a very near-term perspective, providedprice can maintain a foothold over 1.3600,
Reality Check
Somebody once described a consensus as something that ‘everyone agrees tosay collectively that no-one believes individually.’ Given the relatively high levelof market unanimity over FX trades this year (we are no exception),