Tag Archives: EUR/USD
Daily Market Technicals
EUR/USD: Daily Studies Turning Higher. The pair continues to pressure to the upside, despite the long upper-shadow a couple of sessions ago.
Technical Alert
JPY reaction getting traction, bonds in demand, EUR/USD Stalemate, USD/JPY More selling in the pipe, EUR/GBP Continues to push for a break,
EUR/USD Analysis
Closed in NY Friday at $1.3030 after rate had recovered off intraday lows of $1.2991 with the dollar under pressure following the release of softer than forecast US Q1 GDP data.
US QI GDP disappoints. Global equities mixed. AUD at USD1.0275.
The US economy grew at a 2.5% annual pace in the March quarter, short of forecasts for 3.0% annualised growth. But the final reading of consumer sentiment for April printed at 76.4,
Daily FX Update
GDP IMPORTANT BUT NEXT WEEK SEES FED, ECB & JOBS – USD is mixed leading into the release of US Q1 GDP, cons: 3.0% q/q. – CAD is flat with no domestic data expected. Reaction to US GDP usually fades by the close. Oil spreads helping to support CAD.
EURUSD – below 1.2983 confirms a bearish trend change
The rally out of the downward sloping bull flag was unimpressive. Still the range since mid-April is inconclusive because there is no confirmed trend change.
FX Daily Strategist: US
Markets likely to look past Q1 US GDP rebound There is little sense of panic following the Bank of Japan outlook report where the median CPI forecast for FY15 (end March 2016) was +1.9%, perhaps a touch below some had expected.
FX Daily Majors
Today’s highlights: – GBPUSD has staged an remarkable rally above 1.5413/23, allowing the recovery to extend to the channel highs at 1.5555 where we would look for a fresh attempt at a top.
FX Daily Strategist: Europe
BOJ kept monetary policy steady; watch BoJ CPI forecast as a potential boost to USDJPY BOJ kept monetary policy steady by unanimous vote, as widely expected. They maintain the pledge to increase the monetary base at an annual pace of JPY 60-70tn.
Daily FX Technical Strategy: The ceilings into end of week
Into the end of week, several markets such as USD/JPY, the S&P 500, and US 10y yields are ranging just beneath important topside areas.
Morning FX Market Commentary
On Thursday, EUR/USD closed little changed as euro strength in Asia and the US made place for euro weakness in the US session.
Daily Market Technicals
EUR/USD: Long Upper-Shadow Cautions Bulls. The pair leaves a massive upper-shadow yesterday and closes near its open to form a doji day.