Tag Archives: EUR/USD
Technical Alert
EUR/USD: Buyers gained the upper hand and closed the session high yesterday, but respected the intraday overstretch. 1.3130 remains near-term important since above it would call for a +1.3202 move.
EUR/USD Technical Analysis
(1,3115) The EUR/DOLL yesterday further consolidation interior the inside day with 1,3105 – 1,2980 still the levels to follow in the coming hours.
FX Daily
Key news – Italian government scraps tax increases and signals less fiscal austerity. – Japanese data weaker than expected but still suggest a recovery has started.
Daily Market Technicals
EUR/USD: Daily Studies Mixed, 38.2% Key Res At $1.3115. The pair rises through resistance to test the 38.2% of $1.3711-1.2743, now initial res at $1.3115.
UBS Morning Adviser
It’s April 30th and so the BoJ’s new easing program has reached the end of its first month of operation. There have been some teething issues – notably a sharp increase in JGB volatility.
EUR/USD Analysis
The pair closed in NY Monday at $1.3101 after pivoting around $1.3100 within a $1.3077-1.31167 range. Euro-dollar has been basically sidelined with Thursday’s ECB rate decision in focus
Daily FX Update
USD WEIGHED DOWN BY FED EXPECTATIONS – USD is broadly weaker as disappointing US growth and low inflation build expectations for a more dovish Fed, pushing out QE tapering.
Morning FX Market Commentary
On Friday, traders awaited the US Q1 GDP release. The report was a bit weaker-than-expected, but underlying not to bad.
FX Daily Majors
Today’s highlights: – GBPUSD’s extension through 1.5423 keeps the immediate bias up to the channel highs at 1.5566, where we would look for a fresh attempt at a top.
EUR/USD Technical Analysis
(1,3043) The EUR/DOLL confirmed on Friday a session of consolidation remaining interior the range of the previous day forming a new inside day with now 1,3105 – 1,2980
UBS Morning Adviser
Japan To Buy Asian Bonds? Local media reports indicate that Japan may diversify some of its FX reserves into the bond markets of South East Asia. The announcement could come as early as Friday May 3rd ¹.
FX Daily
Key news – In Italy a broad three-party coalition was sworn in on Sunday. – Bank of Cyprus has converted 37.5% of deposits above EUR100,000 into equity.