Tag Archives: EUR/USD

Morning FX Market Commentary

No clear trends, but euro remains well bid. There was again no high profile story to guide trading in the major currency cross rates.

The Global Macro Pulse

Overnight Price Action S&P futures are up marginally after a 0.2% fall in the S&P 500 overnight while the rise in the 10yr Treasury yield that began in New York extended slightly in Asia to 2.7149%.

Weaker CAD, AUD & SEK looks increasingly likely.

EUR/USD: The move higher hasn’t changed in shape, nor has itchanged direction. It looks correctional and as such it is stillthought to end somewhere near 1.3550.

FX Daily

Market movers today * In the data calendar focus will mainly be on a number of US data for October.

UBS Morning Adviser

Fed Chair Bernanke overnight mostly reiterated the message from the Sept 18post-FOMC press conference, and the dollar sold off briefly before recovering.

EUR/USD Analysis

The pair was a big mover following Bernanke’s remarks earlier today as it jumped from the open of $1.3538 and broke above last night’s $1.3548 high to reach $1.3579, its best level since Nov. 1.

Daily FX Wrap and Strategy

Much like that faced by our footballers today, it was a bit of an uphill battle for the kiwi overnight. The NZD/USD spent the night shuffling around in a 0.8310-0.8370 range,

Daily FX Update

PBoC SUGGEST INCREASED FLEXIBILITY IN CNY * USD is mixed; market focuses on tapering timing being pulled forward, China’s reforms and a more bearish OECD global growth outlook.

US Morning Update

Major Overnight Headlines * PBoC to set up ‘managed floating’ CNY rate, cut ratio of T-bonds held to maturity, increase capital account flexibility

Riksbank weakens SEK

Last week we published our latest edition of SEK Views, in which we raised our December EUR/SEK forecast to 9.05, mainly because we now expect the Riksbank to lower interest rates.

Improved risk sentiment helps the forint and the zloty Hungary USD bond issuance attracts heavy demand While the Czech koruna stays stable (and will for a longer time period) around the EUR/CZK 27.0 level,

Daily Technical Report

EUR/USD continues to grind higher afterhaving successfully tested its recent low at1.3296 (see also the 50% retracement). Monitorthe test of the resistance at 1.3548 (see also thebroken rising channel).