Tag Archives: EUR/USD
Weekly Economic & Financial Commentary
U.S. Review: What Government Shutdown? · Nonfarm payrolls surprised to the upside as the federal government shutdown did little to deter private-sector employers from hiring more workers.
EURUSD – just testing old 1.3442/49 lows at 61.8% retrace
The old polarity zone at 1.3420/50 that was broken yesterday is now new resistance and is already being testedthis morning.
EUR down as a result of ECB decision-making
The euro extended its correction this week, setting a low of 1.33 against the US dollar, before recovering above 1.34 following Thursday’s surprise interest rate cut by the European Central Bank (ECB).
Morning FX Market Commentary
Euro plunges after ECB rate cut The surprise ECB rate cut and to a much lesser extent the stronger US GDP report pushed EUR/USD 200 pips lower to about 1.33,
FX Daily Majors
Today’s highlights: * EURUSD breaks key price, trendline and 38.2% retracement support at 1.3464/21 to mark a better top, for 1.3220 initially.
The Global Macro Pulse
Overnight Price Action After the 1.3% fall in the S&P 500 overnight, futures are up 0.2% and the US 10yr yield is flat in Asian trading.
UBS Morning Adviser
There’s a USD in EURUSD Ex-post, the ECB clearly ‘delivered’. EURUSD ended European trading on Thursday materially lower than levels after the CPI reading last week.
USD/SCANDIES we like….a lot. USD/CAD to follow.
EUR/USD: So with the drop below 1.3449 the recent peak at 1.3548was confirmed being the end of the minor upside correctionand accordingly the market continued lower after passingthe support.
Daily Market Technicals
EUR/USD: The move lower overnight took out and closed below the rising daily channel base of July monthly low with the pair having remained capped at the somewhat pivotal $1.3450 level since.
EUR/USD Analysis
After a torrid overnight session which saw the euro fall to a $1.3296 low and then recovering back to $1.3450 in the wake of the ECB’s surprise rate cut,
Daily FX Update
ECB CUTS TO 0.25%, DRIVING INSTANT 1% EUR DECLINE * USD strong following cut, ahead of ECB press conf & nonfarm Friday.