Tag Archives: EUR/USD
US Morning Update
Major overnight headlines: • Asian & European equities, European sovereign debt broadly weaker ahead of Bernanke
FX G10/EM Morning Trader Views
EUR – Another position cleanse yesterday taking us to 1.3155 in ldn and 1.3174 in ny.
Morning FX Market Commentary
Dollar in the defensive ahead of Bernanke The dollar lost further ground on Tuesday as investor stayed cautious on the US currency ahead of the Testimony of Chairman Bernanke before Congress today and tomorrow.
USD bulls getting picky
Heading deeper into the Northern hemisphere summer, FX price action is becoming increasingly choppy.
FX Compass
While near-term risk is for a broad dip in the USD as Bernanke speaks later today, we feel that the next leg of the “normalization” of the AUD could start soon.
Continued $ correction, €/SEK, €/NOK temporary dips
Dollar correction took another step yesterday and is probably not yet completed (we’ll see after today’s US hearing and report).
EUR/USD Technical Analysis
(1,3140) The EUR/DOLL confirmed a strong closing, even above the 200 days channel but overall it is still interior the inside day with 1,3220 – 1,2950 the levels to follow.
Daily Market Technicals
EUR/USD moved up to the Jun 19 resistance line, now at $1.3155 and broke above only to slip back below today.
EUR/USD Analysis
The pair opened in Asia near $1.3160 after trading a high of $1.3175 in the US last night but ran into early selling from $1.3170.
UBS Morning Adviser
Follow BoE Minutes The main event for markets today will be Chairman Bernanke’s semi-annual testimony in front of Congress.
Daily FX Wrap and Strategy
At around 0.7880, the NZD/USD is opening the Asian session threatening to break through the top end of the 0.7685-0.7900 range.
Daily FX Update
RBA SUPPORTS AUD; WHILE CAD AWAITS BOC ON WED • USD is broadly weaker – markets await Bernanke’s testimony (Wed).