Tag Archives: EUR/USD
Daily Technical Report
EUR/USD has broken its short-term risingtrendline, suggesting the end of the recentrebound. However, the hourly support at 1.3390(13/11/2013 low) has held thus far and
FX Daily Majors
Today’s highlights: * USDJPY spotlights turns to the key 101.54/61 barrier. Above here is needed to open up a test of the year’s high at 103.10/74.
Morning FX Market Commentary
Sterling remains well bid The euro profited only modestly from Draghi’s comments that nothing new has been decided about the deposit rate.
The Global Macro Pulse
The dollar has extended its overnight rally against the AUD, which has fallen to 0.9194, but essentially flat against the EUR and JPY at 1.3466 and 101.15 respectively.
Commodity currencies continues to be sold off
EUR/USD: The 1.3488 bounce probably completed the mid bodycorrection in just one session (instead of the more normal 2-3 periods) hence downside pressure is now expected toreturn.
FX Daily
Market movers today * In the data calendar the main event is the IFO business survey in Germany.
Daily Market Technicals
EUR/USD failed to retest the channel base as bulls yesterday were capped by the 5-DMA which is now initial resistance today at $1.3486.
EUR/USD Analysis
The pair started in Asia this morning at $1.3470 after carving out a $1.3443 to $1.3487 trading range in the US last night,
UBS Morning Adviser
The Bank of Japan is likely to ease policy further in April, but investors haveonly just begun to position for this outcome. So we raise our USDJPYforecasts to 103
Daily FX Wrap and Strategy
From highs of almost 0.8400 on Wednesday, the NZD/USD is back flirting with important support levels around 0.8200 this morning.
Daily FX Update
USDJPY RALLIES ABOVE 100; MORE UPSIDE LIKELY * USD mixed; initially strong on Fed minutes but lost ground on Draghi.
FX Daily Majors
Today’s highlights: * USDJPY above 100.62 should reinforce a bullish “triangle” story for 101.54/61, then back to 103.10.