Tag Archives: EUR/USD

Morning FX Market Commentary

Currencies: Dollar fails to hold post consumer confidence gains The dollar lost ground across the board. The US currency was sold as LT US bond yields declined more than in other core countries.

FX Daily Strategist: Europe

Data today unlikely to help the USD Fed policy makers continue to signal that improved data could pave the way for a tapering of QE3 asset purchases in the months ahead.

FX Daily

Market movers today • In the euro area, the EU Commission is due to release its confidence indicators, which we expect to show some improvement in May from low levels.

Stronger JPY underway, NOK/SEK seen lower

EUR/USD: The (wave e) bounce from the lower boundary of the triangle became more impulsive than normally is the case with e-waves (tends to be weak ahead of a forthcoming break).

Daily Market Technicals

EUR/USD: The pair moves higher to test resistance again, now back above the 5-DMA, initial support at $1.2924.

EUR/USD Analysis

The pair closed in NY Wednesday at $1.2938 after rate had seen intraday recovery highs of $1.2978, easing itself back to $1.2919 in NY before edging higher into the close.

UBS Morning Adviser

Capex Comforts Australian Dollar We remain cautious on the Australian dollar given the risk the Reserve Bank of Australia will cut interest rates again from 2.75% this year.

Daily FX Update

WILL USD COLLAPSE IN JUNE 2013 JUST LIKE JUNE 2012? • USD faces a sudden & dramatic bout of weakness into the NA open.

Riksbank has to consider a 50bp cut

• Negative on risk sentiment • Still bullish on EUR/SEK • We remain bearish on EUR/USD, but note rising risks

The Global Macro Pulse

Overnight Price Action Dollar strength has been the main theme in Asian trading. Equity markets are up almost across the board following the 0.6% rise in the S&P,

FX Daily Majors

Today’s highlights: • AUDUSD has fallen sharply again and below .9585/75 should see the bear trend directly extend for .9407/.9388.

CAD can recover ground, even in a USD bull market The dollar was the clear winner overnight and 10Y UST yields rose sharply to 2.17% as US consumer confidence index jumped to the highest level since February 2008 and