Tag Archives: EUR/USD
USD still in freefall
The US dollar continued its correction against most currencies last week, with the DXY dollar index testing 79.2.
Daily FX Update
WEDNESDAY’S FOMC IS FOCUS FOR FX * USD—DXY consolidates at lower end of 18-month range.
US Morning Update
Major Overnight Headlines • ECB’s Coeure says Euro Area can put banking system ‘on a sounder footing’, Thomson Reuters
FX G10 Morning Trader Views
EURUSD Topside: 1.3832, 1.3862, 1.3937 Downside: 1.3790/95, 1.3742, 1.3711
FX Daily Majors
Today’s highlights: * USDCAD stays bullish for move to trendline resistance at 1.0500/11 next. Above would target the 1.0569 peak.
Morning FX Market Commentary
Sideways trading at end of last week EUR/USD set a minor new high in early Asian trading, but the move stalled later on.
FX Daily Strategist: Europe
The USD heading into the FOMC History has gone against the USD heading into FOMC meetings; the USD has gained ground only once following an FOMC meeting this year.
The Global Macro Pulse
Overnight Price Action Asian markets have traded with a bullish risk/bearish USD tone. S&P futures are up 0.4%,
FX Daily
Market movers today * US manufacturing production growth has been subdued over the past six months and leading indicators are sending mixed signals.
Likely a new attempt to put some pressure on the €.
EUR/USD: Also a second attempt above the 1.3803 equality point wasrejected. Friday also ended with a doji candle showing thatwe reached balance between buyers and sellers.
Daily Market Technicals
EUR/USD left another higher high but this time closed back around $1.3800 to leave a doji while overbought daily studies weaken.
UBS Morning Adviser
Sceptical Of AUDNZD Bounce We have been short AUDNZD in one form or another since Feb 1st, and remain so despite signs that further downside may take even longer to materialise.