Tag Archives: EUR/USD

UBS Morning Adviser

JPY: Home Bias Still Strong Japanese investors were net sellers of foreign bonds again last week. That’s seven weeks in a row now.

EUR/USD sank to test the Jul 2012 support line, now initial support, but reversed higher to leave a hammer candle pattern,

The pair closed in New York around $1.3009, after rate had recovered off a $1.2923 session low to $1.3032 before drifting off into the close.

EUR/USD fundamental and tech levels:

The NZD remains side-lined, with all eyes on the collapse in the AUD. With the NZD/USD stuck in a 0.7700-0.7790 range,

EUR AT RISK OF FURTHER DOWNSIDE • USD is mixed—markets hit by risk aversion steaming from Egypt, China & Europe.

Major overnight headlines: • Portuguese Foreign Minister resigns overnight following Finance Minister Gaspar’s earlier decision to quit, Bloomberg

Traders View: EUR/USD Fundamental and tech levels:

EUR/USD drops below 1.30 mark The dollar was well bid across the board yesterday with USD/JPY returning north of 100.

Market movers today • In Europe, final service PMIs for June are released for France (09:50 CET), Germany (09:55 CET) and

EUR/USD gave another try to the upside, attempting to close above the 55 and 200-DMAs, now further res at %1.3073/75,

EUR/USD: Look for downside extension homing in on the short-term key 1.2796 ref. Dynamic resistance keeps controlling events and