Tag Archives: EUR/USD
Daily FX Update
FX markets are relatively quiet, with a slight biasfor short USD positions leading into a holiday filled week.
Daily Technical Report
EUR/USD has bounced near the key support at1.3621 (see also the rising trendline). Hourlyresistances can be found at 1.3709 (13/12/2013low) and 1.3723 (17/12/2013 low). Anothersupport stands at 1.3524.
S&P500 extending gains towards 1,835. USD/TRY tests >2.10
EUR/USD: A net move lower was recorded last week and this points lower,but the market became balanced ahead of the weekend andthe 1.3622-1.37 stalemate has to end for a fresh directional cue.
FX Daily
Today’s main release is US personal spending and core PCE inflation. Following robust retail sales in November, personal spending is expected to rise 0.5% m/m. As the PCE deflator is likely to rise only 0.1% m/m,
Daily Market Technicals
EUR/USD: Despite the bounce from ahead of the Nov 7 support line and 55-DMA initial focus remains on retests of the $1.3614-18 region with correcting daily Slow Stochastic and RSI studies adding weight to the bearish case.
EUR/USD Analysis
The pair opened at $1.3675 in Asia this morning following a $1.3633 to $1.3709 range in the US on Friday. Euro-dollar slipped to an early $1.3668 low but got a lift from bids cited beneath $1.3650.
Weekly Economic & Financial Commentary
U.S. Review A Little Less Punch in an Awfully Big Bowl * Citing progress in the labor market and more balanced risks to the outlook, the FOMC has decided to begin scaling back the pace of its asset purchases in January.
Forex Weekly Report
UK unemployment continues to contract The unexpected decline of unemployment to a 4 year low at 7.4% should be seen as new evidence of how sharp the current UK recovery is.
Daily FX Update
Most markets have only made modest gains/losses in the Asian and European sessions but this conceals more significant developments. On a closing level gold has reached a new 3‐year low;
Daily Technical Report
EUR/USD is challenging the key support at1.3621 (see also the rising trendline), which wasthe minimum short-term downside risk impliedby the recent double-top. Another supportstands at 1.3524.
FX Daily Majors
Today’s highlights: AUDUSD stays bearish for bear channel support at .8743/385 and then 38.2% retracement support at .8675.
The Global Macro Pulse
The USD was largely steady against majors but strengthened further against EM Asia FX. EUR was essentially unchanged at 1.364. AUD attempted a small rally to 0.888 before retracing to 0.887.