Tag Archives: EUR/USD
Generally a post FOMC stronger dollar, but US stocks also thrive
EUR/USD: The low and bearish looking session close post the Feddecision to taper USD 10bn/mth is pointing towardsextension into attraction/support starting at 1.3622.
EUR/USD Analysis
The pair closed in NY Wednesday at $1.3685 after a volatile reaction to the Fed’s announcement to taper QE by $10bln pm. Rate initially dropped to $1.3705 but quickly rallied back as any hawkish feel was quickly quashed by
UBS Morning Adviser
Shifting the Guidance Burden The Fed has spoken – taper and begin advancing the policy debate away from QE.
Daily FX Wrap and Strategy
The NZD/USD sits somewhat lower, at 0.8220 this morning as the market awaits the US FOMC meeting (8am NZT). Yesterday’s domestic data was more of the same. i.e. telling a story of positive economic momentum.
Daily FX Update
Today’s focus is the Fed and markets are likely totrade cautiously ahead of it. The Asian and European sessions weremixed with the European currencies of GBP, NOK and SEK outperforming;while the rest lost ground against the USD.
Daily Technical Report
EUR/USD remains well supported as can beseen by the potential short-term symmetricaltriangle, which usually acts as a continuationpattern. An horizontal resistance stands at 1.3811(11/12/2013 high).
The Global Macro Pulse
The 10y US yield has bounced slightly higher to 2.8445% in Asia trading after the 4bp fall overnight. The USD is relatively steady against majors but strengthened against most EM Asian currencies ahead of tonight’s FOMC.
And now it’s up to the Fed to decide…
EUR/USD: Outside 1.3709-1.3811(33) is still needed to get an idea ofwhere the market wants to go from here, and it’s fair toguess that this is pretty much up to the Fed to decide whichdirection markets should take from here.
UBS Morning Adviser
Corporate Japan Emboldened Two days ago we reported that portfolio investment abroad by Japanese investors is running well behind schedule this fiscal year.
FX Daily
Today is the day we expect the Fed to start tapering asset purchases. We believe the Fed will taper by USD10bn but at the same time strengthen the forward guidance by revising lower the profile for the Fed Funds rate to
Daily Market Technicals
EUR/USD continues to trade just below the $1.3800 level which bulls may retest while they eye the $1.3832 Oct 28 reversal high. A break above may be short-lived as daily studies are firmly in overbought territory,