Tag Archives: EUR/USD
Daily Technical Report
EUR/USD has broken the resistance at 1.3622,confirming a persistent strong buying interest.The short-term technical structure remainspositive as long as the key support at 1.3621(06/12/2013 low) holds.
FX Daily Majors
Today’s highlights: * EURJPY’s extension through 141.00 keeps the trend higher to the “neckline” to the 2008 top at 149.25/27.
Morning FX Market Commentary
USD/JPY and EUR/USD are nearing the 2013 top An ongoing risk-on trade and expectations of more BOJ easing are keeping the yen under pressure.
The Global Macro Pulse
EURUSD rallied further in Asia to 1.3756 while AUDUSD and USDJPY were flat at 0.9105 and 103.28, respectively. In EM Asia FX, the MYR has outperformed, appreciating to 3.2005 to the dollar while USDPHP rose to 44.280,
FX Daily
In connection with the ECOFIN meeting EU finance ministers are expected to continue yesterday’s euro-group negotiations about a resolution mechanism for failed banks.
The euro is still bid and the yen relentlessly offered. EUR/SEK targets >9.0050.
EUR/USD: We are stubbornly clinging to the idea of the advance beingcorrectional. We have to admit it has gone farther thanthought, but it looks correctional nevertheless.
Daily Market Technicals
EUR/USD stretches further to the upside as bulls target the Oct 28 high at $1.3832, however daily studies are increasingly overbought adding a little downside risk. Failure to retest $1.3832 could see the pair collapse,
EUR/USD Analysis
The pair opened at $1.3739 this morning, after a $1.3714 to $1.3746 US trading range overnight. Euro-dollar spent the early hours of the session today in a lackluster $1.3735 to $1.3745 range.
UBS Morning Adviser
Don’t Misread Equities One of the biggest talking points in the tapering story is how equity markets will respond to the marginal decline in liquidity provision.
So what is driving EURUSD higher?
Earlier this year it seemed impossible to think that EURUSD would appreciate when the prospect of Fed tapering was gathering pace; but this is exactly what is happening.
Daily Technical Report
EUR/USD has broken the resistance at 1.3622,confirming a persistent strong buying interest.The short-term technical structure remainspositive as long as the key support at 1.3621(06/12/2013 low) holds.
Morning FX Market Commentary
Dollar shows mixed picture after strong payrolls On Friday, USD/JPY gained on a strong US payrolls report. At the same time,