Tag Archives: EUR/USD

Daily FX Update

The US House has passed the budget deal pavingway for it to move to the Senate next week. However, leading into theFed next week this has helped pull in expectations of a December taper.

FX Daily Majors

Today’s highlights: * USDJPY finally clears the 103.10/74 barrier, and we stay bullish for 105.60/106.00 next, and eventually 110.60/111.60.

EUR/USD faded yesterday close to the keyresistance at 1.3832. Monitor the test of thehourly support at 1.3740. Another support lies at1.3694 (09/12/2013 low). A key support stands at1.3621 (see also the rising trendline).

The Global Macro Pulse

Asian FX mostly traded weaker, The INR reacted to poor CPI and IP data overnight, weakening 0.5% to 62.127. USDPHP rose 0.3% to 44.21, and USDMYR traded above 3.23 figures.

FX Daily

ECB Vice President Vito Constancio, ECB chief economist Peter Praet and ECB board member Bernoit Coeuré are all scheduled to speak today. It will be interesting to hear if they have anything to say about

UBS Morning Adviser

Tighten Now to Ease Later? Even with the December FOMC barely a week away and residual support out there for easing,

Very positive $ signs. Scandies to suffer more.

EUR/USD: Even if it still has to be seen whether the price ends backwithin the 55w Bollinger (see yday TA) or not other signs ofweakness are resurfacing today.

EUR/USD Analysis

Closed in NY Thursday at $1.3752 after rate corrected back from an early intraday high of $1.3803 to $1.3737, the move given added weight by the release of strong US retail sales data.

Daily Market Technicals

EUR/USD failed to leaves a lower high after failing to close above the $1.3800 and also failing to test $1.3832 – Oct 28 reversal high. Daily studies are overbought and we note a potential bearish engulfing reversal pattern,

Daily Technical Report

EUR/USD is moving higher towards the keyresistance at 1.3832. Hourly supports are at1.3740 and 1.3694 (09/12/2013 low). A keysupport stands at 1.3621 (see also the risingtrendline).

What vol implied ranges tell us about 2014

On EUR/USD, spot has traded a 1.29 handle in each of the last 10years. 2014 is not the moment to break the pattern, given the skew ofbig picture macro risks, from slowly pricing US rate hikes in the shortendof the USD yield curve,

The Global Macro Pulse

AUDUSD fell to 0.9025 despite a larger-than-expected rise in employment in November. AUDNZD dipped to a post 2008 low of 1.0906, after the more hawkish RBNZ monetary policy statement.