Tag Archives: EUR/USD
FX Daily Strategist: Europe
– EUR faces upside risks into the end of the week EURUSD remains on a choppy path but we expect EURUSD to trade higher into the end of the week.
Global Technical Watch – An infrequent bull run
The S&P 500 is on an impressive bullish run, having completed six consecutive bullish closes which is an event rarely seen in the past six years (Figure 1).
Technical Alert
USDZAR the big flyer yesterday with a 20+ big figure move…and it’s only the beginning! JPY sellers seen running into a possible bear trap.
Daily Market Technicals
EUR/USD: Another Spinning Top Turns Daily Studies Bearish. The pair posts another spinning-top doji while daily studies turn bearish – slow stochastics shows a sell-signal from overbought territory.
EUR/USD Analysis
Rate closed in NY at $1.3318 after recovering off a low of $1.3265 following its corrective pullback off earlier highs of $1.3355.
Asia FX
The USD was mixed in the Asian session Thursday, after risk FX reversed early losses in the wake of data showing an improvement in Chinese manufacturing activity in January.
EUR/USD – bull consolidation above 1.3260 implies break of 1.34
As the correction from 1.34 completes, a key support has been established at the Fibonacci and pivot low level above 1.3260.
FX Daily Majors
Today’s highlights: – EURUSD: Still scope for a brief break below 1.3257 but broadly we remain bullish for trend continuation through 1.3404 to 1.3487 and then 1.3835 eventually.
FX Daily Strategist: Europe
– Soft Aussie CPI print reinforces expectations of a 25 bp rate cut in February Aussie Q4 CPI printed a touch softer at 0.2% QoQ (vs. expectations of 0.4%) and 2.2% YoY (vs. expectations of 2.4%).
Technical Alert
EURUSD remains aggressively neutral inside 1.3257 & 1.3404, while the yen comes crawling back and looks set to keep scoring for USDJPY to test ~87.80 and AUDJPY ~92.40…
EUR/USD Technical Analysis
(1,3300) The EUR/DOLL confirmed yesterday further consolidation interior the inside day with 1,3410 – 1,3270 still the levels to follow in the coming hours.
Daily Market Technicals
EUR/USD: Spinning-Top Doji Cautions, Studies Stretched. The pair leaves a spinning-top doji, a signal of indecision as bulls and bears fight to control.