Tag Archives: EUR/USD
FX Daily
Market movers today * Main focus will be the US labour market report, which will be crucial for timing of Fed tapering.
UBS Morning Adviser
Payrolls Safety Sought The steady stream of positioning adjustments throughout the week, exacerbated by the mid-week revision in payrolls expectations and
Daily Market Technicals
EUR/USD pops above the Nov 29 high and 61.8%, former resistance at $1.3622/27, and now trades just below Apr 2007 reversal high at $1.3681.
EUR/USD Analysis
The pair traded a $1.3543 to $1.3677 range last night in the US in the wake of the ECB’s decision and President Mario Draghi’s comments. It started at $1.3667 this morning in the Asia-Pacific and
Macro Viewpoint: ECB still pondering its options
The ECB kept rates unchanged and confirmed its forward guidance – key interest rates will remain at the current level or lower for an extended period.
EURUSD – bear flag awaits confirmation below 1.3526
Still awaiting a resolution lower from the upward sloping bear flag correction. Last night prices tested the 61.8% retracement of wave-(1) down at 1.3636.
Daily FX Update
FX Market Update—The ECB, BoE and Norges Bank left rates on hold; the risk for EUR is upcoming at 8:30am EST with the press conference,
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. However, the resistance at 1.3622 hasbeen breached, indicating a persistent shorttermbuying interest.
Morning FX Market Commentary
Euro holding strong ahead of the ECB meeting On Wednesday, the dollar hardly profited from a strong labour ADP labour market report.
FX Daily Majors
Today’s highlights: * USDCAD’s extension above 1.0658/81 leaves us still bullish for our core target at 1.0802/54.
The Global Macro Pulse
AUDUSD has edged slightly higher, to 0.9045, after falling sharply in New York. In contrast, EURUSD is flat at 1.3585 and the yen has held some of its overnight gains to trade at 102.31 vs. the USD.