Tag Archives: EUR/USD

FX Daily

In the US we expect headline retail sales to have slowed markedly in December to just 0.1% m/m from a solid 0.7% m/m mainly on the back of a substantial decline in auto sales.

UBS Morning Adviser

Expecting higher dollar versus the yen, Nordic and commodity currencies Fed officials are likely to ‘look through’ Friday’s soft payrolls report.

Daily Market Technicals

EUR/USD failed to break above the 21-DMA and left a double-day high at $1.3685 – bulls will aim to break above, however bears likely target the July support line again,

The pair witnessed another dull session during the Asia-Pacific hours today, following its $1.3637 to $1.3677 range in the US overnight. Soon after the euro opened at $1.3671 this morning, it gravitated lower to

Daily FX Wrap and Strategy

The NZD/USD sits notably higher at 0.8370 this morning.The NZD was a beneficiary of fairly placid marketsovernight and solid risk appetite, in the wake of lastFriday’s payrolls release.

G10 market trends – EUR still resilient

EUR: still resilient Last week’s European Central Bank (ECB) meeting saw President Mario Draghi adopt a particularly accommodating stance,

Technician

EUR/USD: Momentum is roughly neutral. Consolidation around 60-day moving average is likely (200-day/20-day moving average range).

Daily FX Update

The market’s reaction to a disappointing US nonfarmpayrolls has been a drop in the US 10year yield to 2.85%; the US 2‐year to0.37% and 0.6% weakening in the USD (see DXY middle chart).

Daily Technical Report

EUR/USD moved significantly higher last Fridayand is now challenging the resistance at 1.3677(see also the 38.2% retracement). A short-termbullish flag could be underway,

FX Daily Majors

Today’s highlights: USDCAD maintains a medium-term base and we stay bullish for 1.1234 next, with scope to eventually push onto 1.1666/1727.

FX implications of lower oil prices

If DB’s forecast of lower oil prices materializes, this will provide furthersupport for our stronger USD view. The Fed has tightened policy theyear after the last 4 favorable ‘exogenous’ oil shocks.

The Global Macro Pulse

The USD has traded weaker across the board in Asia. EURUSD has opened up slightly, testing its Friday high of 1.3685, USDJPY has dropped to 103.41 and AUDUSD has rallied to 0.9035 as the market hunts positions.