Tag Archives: EUR/USD

Daily FX Wrap and Strategy

After dribbling lower for much of this week, this morning’s FOMC Statement has thrown the NZD/USD something of a lifeline.

Daily FX Update

NONFARM TO PROVE HIGHLIGHT; EVENT RISK IS LARGE • USD is quiet leading into today’s FOMC & GDP.

FX Daily Majors

Today’s highlights: • GBPUSD’s break beneath 1.5264/51 set a top for 1.5105, then 1.5051/24.

The Global Macro Pulse

Most equity markets opened lower ahead of the FOMC with the exception of Chinese shares, which rallied on the back of the China Politburo’s statement overnight.

Canada May GDP data should support the CAD Today’s monthly gauge of Canada’s GDP should reinforce our constructive view on CAD: GDP is likely to have expanded for a fourth consecutive month in May with our economists expecting a 0.3% m/m rise.

Morning FX Market Commentary

Dollar still in the defensive ahead of the Fed. The dollar held near the recent lows against the yen and the euro, but there was no trigger to break those levels ahead of the Fed.

August is the time to re-build USD longs

Our positive dollar view has been driven by two factors over the course of the year. First, the re-pricing of the Fed.

GBP & SEK both look weak & possibly CAD too

EUR/USD: Yesterday’s attempt above a recent 1.3296 high failed. The session close back down at opening levels has left a potentially bearish candle to consider.

EUR/USD Technical Analysis

(1,3257) The EUR/DOLL formed a positive outside day with now 1,3315 – 1,3220 the levels to follow in the coming hours.

FX Daily

Market movers today • All eyes will be on this evening’s FOMC statement. We do not expect any changes in policy but

Daily Market Technicals

EUR/USD posted an outside-day while it struggles to find direction just below the Feb 2013 res line at $1.3327.

UBS Morning Adviser

HIA Hope (Yet Again) Tuesday’s late dollar rally during the London session served as a reminder of the power of the HIA II (Homeland Investment Act) story.