Tag Archives: EUR/USD
Daily FX Update
STABILITY AFTER TWO DAYS OF VIOLENT REACTION • USD is mixed but markets stabilize after violent 2‐day reaction to Fed.
The Global Macro Pulse
Asian FX and fixed income selloff continues. USDKRW spiked to 1159 on the open, and USDMYR traded a high of 3.216 before running into central bank intervention.
Morning FX Market Commentary
Dollar profits from higher yields and rising volatility The Fed’s policy assessment and negative news on China triggered a sell-off in risky assets with funds looking for shelter in the dollar.
EUR/USD Technical Analysis
(1,3237) The EUR/DOLL confirmed a weak closing below the low of the negative outside day it formed the day before suggesting a possible top and
Risk off! Stocks & oil lower, scandies too. USD stronger
EUR/USD: A 1.33 re-check should be sold into. A prior bullish benchmark candle mid-body point and a short-term 38.2% Fibo retracement ref have shown support.
Daily Market Technicals
EUR/USD consolidates after the bearish engulfing candle sent the pair down to the 21-DMA, now further supp at $1.3170.
EUR/USD Analysis
The pair closed in NY Thursday at $1.3220. The rate earlier pressed to session lows of $1.3161 after release of strong Philly Fed data,
UBS Morning Adviser
Risk Off Yet Carry On The market is clearly still suffering from ‘tapering indigestion’ but Bernanke would have not chosen the words used unless he was confident enough that sentiment would stabilise.
Daily FX Wrap and Strategy
The NZD was amongst the weakest performers over the past 24-hours as the market continues to absorb the implications of the recent US Fed announcement.
Daily FX Update
STEPPING OUT OF QE DRIVES USD STRENGTH • USD is strong on FOMC hint that QE will be tapered in September and be completed by mid‐2014.
US Morning Update
Major overnight headlines: • Euro Stoxx 50 Index falls 2.0% during London morning as US 10-year yield creeps towards 2.40%