Tag Archives: EUR/USD
The Global Macro Pulse
Overnight Price Action Equities pared losses after a better-than-expected China flash PMI but markets remained nervous on signs of further tightening in China’s interbank liquidity.
Global growth outlook unaffected by US political drama
* We have left our global economic growth forecasts unchanged at 2.8% for 2013 and 3.6% for 2014.
UBS Morning Adviser
Let Nordics Run Their Course Having felt conditions were ripe for a CAD rally, we were taught a harsh lesson on Wednesday by the BoC:
Commodities & commodity ccy’s lower. Rix & NB day
EUR/USD: It is unclear whether yesterday’s very marginally (1pip) highmarked the end to the advancing wave from 1.3651 or ifthere’s yet another marginally one left
FX Daily
Market movers today * Focus will be on global PMIs. We expect overall euro area PMIs to increase,
EUR/USD Analysis
The pair started in Asia at $1.3776 toward the high side of the $1.3742 to $1.3793 range traded in the US session overnight. Euro-dollar got an early lift from the risk-on environment,
Daily Market Technicals
EUR/USD still above the daily Bollinger band at $1.3783 but capped by resistance around $1.3800, initial resistance is very close as yesterday’s high at $1.3793.
Daily FX Update
RISK AVERSION SPIKES DRIVING A STRONG USD * USD is strong as the weight of a weak nonfarm is surpassed by rising risk aversion on concerns in China’s mmkt; profit taking takes hold.
US Morning Update
Major Overnight Headlines • ECB: national and supranational backstops need to exist to ensure AQR is safe, credible, Thomson Reuters
FX Market Drivers: Changes in expectations of USD
Review Non-farm payroll came out at 148,000 against the expected level at 180,000.
Carry Funding Should Be Diversified Away from USD
Payrolls was soft, but going long carry trades is easier said than done. First, carry is extremely expensive. In FX, we measure valuation through purchasing power parity.