Tag Archives: EUR/USD
EURUSD – wave-4 bull flag above 38.2% Fib ahead of new highs
Our last forecast included a call for a wave-4 correction ahead of new cycle highs. The Euro is still tracing a shallow, bull flag correction above the 38.2% retracement at 1.3476.
FX Daily Strategist: US
Retail sales should not derail CAD recovery We expect commodity currencies to remain in recovery mode this week, with further dovish commentary from the Fed putting renewed pressure on the US 10y rates.
FX Daily Strategist: Europe
Stay short EURUSD through IFO strength The German IFO survey is likely to show further improvement today, with our economists projecting a further increase to 15-month highs of 108.1.
Morning FX Market Commentary
Euro hit by mild profit taking The inability to eke out more gains following the post-FOMC bounce gave way to mild profit taking yesterday.
FX Daily Majors
Today’s highlights: * AUDUSD has found buying at the 13-day average at .9337/33, but through .9459/60 is needed for a base to retest the .9511/30 barrier.
Vol Now compared to the 2006-7 dead zzzzzone
Amazingly after the FOMC last week delivered the equivalent of a 20bp surprise for 10 year Treasury yields, implied vols for the USD versus the majors still slipped across their respective curves.
The Global Macro Pulse
Overnight Price Action Yesterday’s risk asset sell-off is extending. The Nikkei opened 0.7% lower after the long weekend holiday,
It looks like the dollar could gain the upper hand again
EUR/USD: The highly grouped short-term multi-stochastics indicates a bit of a stretch. Price action of late has become more near- term bearish than bullish.
FX Daily
Market movers today * In Europe the main focus will be the IFO business survey in Germany. We expect IFO to have improved in September to around 105 and
EUR/USD Technical Analysis
(1,3493) The EUR/DOLL confirmed a weak closing below Friday’s low suggesting further downside pressure at least toward 1,3450.
Daily Market Technicals
EUR/USD breaks below the lows of Sept 19 and 20, drawing daily studies further south – 10-day momentum still shows negative divergence while slow stochastic looks to
UBS Morning Adviser
Draghi’s Reminders Speaking before the European Parliament on Monday, ECB President Mario Draghi warned that the ECB was prepared to do more should growth continue to falter.