Tag Archives: EUR/USD
Daily Market Technicals
EUR/USD struggles to hold onto any gains within the rising channel – currently trades just over the channel base, seen at $1.3585.
EUR/USD Analysis
The pair traded between $1.3559 and $1.3609 last night in the US, and opened in Asia at $1.3573 this morning, supported largely by euro-yen demand persisting since the NY afternoon session,
Daily FX Wrap and Strategy
Offshore markets have once again taken an axe to the kiwi. But, contrary to the pattern observed over the past fortnight, the NZD/USD hasn’t bounced off key support around 0.8180/90.
EURUSD – correction targeting deep retracement at 1.3636
Our call for a new leg lower in Euro beginning at 1.3579 on 11/19 was squarely negated last night; we closed shorts.
Daily Technical Report
EUR/USD has moved above the resistance at1.3579, reflecting a persistent short-term buyinginterest. Another resistance can be found at1.3651.
Morning FX Market Commentary
Dollar stays in the defensive The dollar stayed under slight pressure yesterday. The US data were mixed, but currency markets focused on a poor US consumer confidence release.
FX Daily Majors
Today’s highlights: EURJPY strength is on the cusp of our long-held 139/141 medium-term target, which we look to cap at first.
It is time for more nuance in EM FX
This time is different. EM FX will not perform despite a global economic recovery, because of the need to address imbalances, and because high and sticky inflation means tighter policies will be needed,
The Global Macro Pulse
EURUSD has rallied to 1.3594, but AUDUSD is flat at 0.9125 and USDJPY is marginally higher at 101.45. EM Asia FX is mixed with the high yielders rallying.
FX Daily
Market movers today * US durable goods orders will give info on whether US investment spending will pick up soon.
Weaker SEK & CAD look likely. German & US bonds look healthier
EUR/USD: The drift higher is still on, prolonging the short-term correctional move, possibly towards the mid-body point of the bearish weekly candle ending Nov1 at 1.3645.
Daily Market Technicals
EUR/USD eases itself into the rising channel as it slips above the base to test the daily Ichimoku cloud top at $1.3599 and above is new 61.8% at $1.3627.