Tag Archives: EUR/USD
Daily FX Wrap and Strategy
It’s been a stuttering start to the week for the NZD. Unable to build on last week’s outperformance, the kiwi slipped to the bottom of the currency performance rankings overnight.
Technician
EUR/USD Momentum is now clearly pro-growth and indicators are not overbought, so testing of 1.327 level should be successful and
EURUSD – holds 1.3255, bull flag suggest break above 1.33
Prices successfully held the 1.3250 (old support) as expected and now with the 76.4% retracement behind, a rally to and beyond the old 1.3414 high is more likely.
US Morning Update
Major overnight headlines: • Chinese Finance Minister says will step up efforts to support growth with “targeted measures”, MarketWatch
G10 FX Spot Commentary
JPY: Support – 97.50 Resistance – 98.50 Apparently the revision of consumption tax hikes was a bullish development,
Daily FX Volume and Technical Strategy: EUR/JPY uptrend put to the test
As we approach month end, USD/JPY is trading near the same levels of two months ago; such a range-bound environment is likely to persist into August.
FX G10/EM Morning Trader Views
EUR – Big week for fx this week with all the CB meetings and payrols data, as well as month end
The Global Macro Pulse
The dollar has weakened further against G10 currencies. AUDUSD has edged up to 0.9278, EURUSD to 1.3288, and USDJPY has fallen to 97.78.
FX Daily Strategist: Europe
GBP: Wait for next week’s Inflation Report for key MPC news This Thursday’s BoE meeting is likely to be a balanced affair as BNP Paribas economics is expecting little change to the policy stance.
FX Daily Majors
Today’s highlights: • USDJPY’s break beneath 98.27 should clear the way for a deeper decline in the range to 96.96/75, potentially 94.54.
Morning FX Market Commentary
USD/JPY drops below short term support At the end of last week, the dollar remained in the defensive. USD/JPY dropped below the 98.27 support,
Daily Market Technicals
EUR/USD – focus remains on the upside after break above $1.3261, with initial resistance at last week’s high at $1.3297 and