Tag Archives: EUR/USD
US Morning Update
USDCAD price action was very muted during the first-half of the London session. With little in the way of key Canadian data today, we expect this to remain the case for at least the 1H of the North American session.
Daily Technical Report
EUR/USD continues to consolidate close to therecent 1.3832 high. Strong resistance isexpected close to current levels. However, if abreak over 1.3832 can be achieved this wouldopen up a return to the 1.4000 region.
FX Daily Majors
Today’s highlights: * AUDUSD spotlight turns to the year’s lows at .8892/48. We allow for an initial hold here, but look for an eventual break lower to .8675.
The Global Macro Pulse
The US Treasury 10y yield fell 2.6bp on the Asian open to 2.838%. This helped push EURUSD higher to 1.3760, and USDJPY lower to 102.80. NZD also edged higher to 0.824 while AUD was largely stable at 0.896,
USD/JPY could recheck the mid-101s and EUR/SEK 9.0050.
EUR/USD: The market showed hesitation last week while first tryinghigher then lower, only to close Fri where Mon started.
UBS Morning Adviser
Yen-Based Investors Mobilising Japanese investors were net buyers of foreign bonds for the ninth consecutive week in early December.
FX Daily
Lots on the agenda today. Main releases will be French and German flash PMI. We look for a very moderate increase in line with consensus. Following a steady increase earlier in the year, PMIs have been going sideways lately and
Daily Market Technicals
EUR/USD slid to bounce from support just above $1.3700 and left a lower high and low. Bears look to retest while daily studies look overbought and a break below $1.3700 targets a test of 23.6% of $1.3296-1.3811 at $1.3689,
EUR/USD Analysis
The pair started the week at $1.3741 in Asia morning, lower from last week’s openings and marked a range of $1.3727 to $1.3761 so far. The pair slipped to session low in early Sydney session before rebounding back to
FX Viewpoint: taper the taper. Now.
Expectations for “taper” this week have increased…beware. USD weakness to resume. SEK could get some support on surprise “no cut”, but…
Weekly Forex Report
Short-term movement may be dictated by EUR/CHF The expectation of Fed tapering has led many to believe that yields in the US have likely seen their lows with the T-Note having posted a bottom at 1.379% (25/07/2012).