Tag Archives: EUR/USD
FX Daily Strategist: US
Top Trade Pick: long AUDJPY attractive as global growth rebounds Our favoured trade recommendation in the G10 currently is long AUDJPY, which we see performing through most of the FOMC scenarios.
EURUSD – wave-(3) higher underway towards 1.3473…1.3610
The Euro is back above the long-term downtrend lines and we expect a 3rd attempt at the 1.34 level to lead to a successful breakout.
Daily FX Update
USD WEAKENS AS SUMMERS WITHDRAWS CANDIDACY * USD is weak reacting to Summer’s decision to withdraw his candidacy.
US Morning Update
Major Overnight Headlines • Asian/morning London sessions see flight into risk, developing market FX as Summers withdraws
The Global Macro Pulse
Overnight Price Action The USD weakened across the board in response to Larry Summers’ announcement that he has withdrawn from being a candidate for Fed chairman.
Buy EUR forward volatility into FOMC
Over a year has passed since QE3 started and EUR/USD is still stuck on 1.30. The remarkably tight post-QE3 1.27-1.37 range has forced down both implied and realized volatility.
FX Daily Majors
Today’s highlights: * EURGBP has confirmed a top below .8398, and we stay bearish .8165/55.
Morning FX Market Commentary
Dollar hit as Larry Summers withdraws from race for Fed president On Friday, a set of poor US eco data had only a limited impact on EUR/USD.
The 50 Billion Dollar Currency
* Turnover in the global FX market expanded 35% between 2010 and 2013, easily outpacing growth in global GDP and world trade
$ begins the week offered. Bullish signs €/SEK & NOK
EUR/USD: The move through 1.3325 answered the question of where to go next, to the 78.6% Fibo resistance, 1.3378.
FX Daily
Market movers today * This morning ECB president Mario Draghi speaks at an SME conference in Berlin and
UBS Morning Adviser
Summers Sinks Dollar The dollar came under broad-based selling pressure overnight after Larry Summers pulled out of the race to succeed Fed Chair Bernanke.