Tag Archives: EUR/USD
Morning FX Market Commentary
On Monday, markets took a breather after last week’s repositioning. Core bonds regained some ground after last week’s sell-off,
URUSD still trying to quit the 1.3000 habit. USDJPY dips.
EURUSD – 1.3000 is the obvious focus, but we’ve all gotten use to the criss-crossing by now as the 200-day moving average and 55-day moving averages are also converging on this level.
Technical Alert
The dollar looks healthy. Bonds should be bought. EUR/USD: The lower end of “the Cloud” (Fibo adjusted) contains support together with a 127.2% Fibo extension/61.8% retracement combo in the mid-lower 1.29s.
Daily Market Technicals
EUR/USD: The pair already breaks above the 55-DMA, formerly a key support level, while daily studies continue to track lower.
FX Daily
Key news – Strong US retail sales support bond sell-off and stock markets. – JPY slightly stronger overnight after reaching new lows over the weekend.
EUR/USD Technical Analysis
(1,3010) The EUR/DOLL confirmed still a negative closing while remaining interior Friday’s range forming a new inside day with 1,3065 – 1,2925 the levels to follow in the coming hours.
EUR/USD Analysis
The pair closed in NY Monday at $1.2976 after rate had recovered off session lows of $1.2942 to $1.3000 before drifting lower into the close.
UBS Morning Adviser
Timing the UK Trade BoE Governor Mervyn King delivers his final Inflation Report this week and he would be relieved that data is finally stabilising.
EUR/USD Technical Analysis
(1,2960) The EUR/DOLL found good resistance below 1,30. An hourly closing below 1,2955 suggests a s/t target at 1,2892 with a potential undershooting even toward 1,2850,
Daily FX Update
FX Market Update – Entering the NA session, markets are quiet and favouring risk aversion. China released slightly weaker than expected industrial production and
Economy returns to focus in a busy data week…
JPY was centre stage to close the week following the USD/JPY break higher over the 100 level in Thursday’s US session.
Morning FX Market Commentary
At the end of last week, the dollar was in very good shape across the board. The US currency was supported by a low jobless claims report on Thursday.