Tag Archives: EUR/USD
Technical Analysis
Again an initially weak euro later turning bid, leaving us with downside spikes in EURUSD, EURGBP and more.
EUR/USD Analysis
Closed in NY at $1.2828, holding firm into the close (ahead of today’s Thanksgiving holiday) after recovering off intraday lows (Asia, Europe $1.2755) at $1.2736.
Asia Today: Better flash China PMI but currencies struggle highe
The bearish mood in Asia yesterday reversed overnight and Asia stepped in today, scratching their collective heads. The reversal overnight and today’s US Thanksgiving holiday left currency markets in a mildly comatose state.
FX Daily Majors
Today’s highlights: – USDJPY: Aggressive acceleration through 81.49 retracement resistance sets up for further gains higher to the 78.6% retracement of 82.68 and then the key neckline of 83.09.
Technical Analysis
EURUSD just steered sharply south from favored 1.2820\30 resistance. 1.2690 is next key ref below to be watched…
Daily Market Technicals
EUR/USD: Strong Resistance Noted At $1.2826/40. Strong topside resistance come in at $1.2826/40, where forme is the 21-day moving average and latter is the value of the 1-month resistance line.
EUR/USD Analysis
The eurozone Finmin meeting to agree on new bailout terms for Greece was still ongoing around the NY close, amid rising optimism a deal would be reached.
Asia Today: EUR plays ping-pong on Eurogroup meeting headlines
Asian markets were steady with tomorrow’s US Thanksgiving holiday providing players with the excuse to sit back. We did see some volatility midway thought the session on Eurogroup headlines.
Americas FX Daily
Eurogroup to focus on Greek disbursement What happened overnight – BoJ left its assessment and asset purchase plan unchanged – Norway GDP grew 0.7%qoq in Q3, revised lower to 0.8%qoq in Q2
FX Daily Majors
Today’s highlights: – EURUSD: Approaching the key 1.2844 38.2% Fibonacci retracement hurdle. We expect this to cap and for the market to reverse lower back to 1.2662, then 1.2502.
G10 FX Spot Commentary
EURUSD : Support – 1.2760 , 1.2690 , 1.2650/40 Resistance – 1.2820 , 1.2880 , 1.2985 Risk traded very well yesterday pushing the USD broadly lower as stocks remembered how to rally after a dismal post election week.
Premature to reconsider the carry trade
As we discussed last week FX market volatilities have decreased to their lowest levels since those seen in the carry market prior to the financial crisis in 2008.