Tag Archives: EUR/USD
EUR/USD Analysis
Closed in NY at $1.2958, just off pullback lows of $1.2956 after rate had been pressured lower through the end month fixings on expected flows. Rate squeezed down to $1.2952 in early Asian trade, as traders probed for stops.
Asia Today: China’s PMIs improve but not enough to celebrate
The start of a new month and Asia’s eyes were fixed on the flow of manufacturing PMI data from across the region.
FX Daily Majors
Today’s highlights: – EURUSD: 1.2885/2 support holds for a fourth time. Despite this the market remains capped by 1.3024 and therefore within a downtrend. We see risk through 1.2885/68 to 1.2740.
EURUSD: 1.3000 magnet still holds sway
The 1.3000 magnet in EURUSD continues to hold its power as yesterday’s rally from short term support suggests that the market wants to wait until after Election Day to cast its vote on a larger directional move.
Technical Analysis
Actually not much to report with most markets remaining sidelined. EURUSD an unexpected bounce but still seen as a corrective one, EURGBP this morning slipping out of the bear flag, USDJPY ending a volitile day in the middle of its range,
FX Market Technical Research
EUR/USD: Golden-Cross About To Be Formed. The pair trades back above the former Jul support line after the pair rebounded from the previous two session’s lows.
EUR/USD Analysis
Closed in NY at $1.2960 after easing back from recovery highs of $1.2984, having seen lows into Tuesday’s Europe open of $1.2886. Demand for euro-yen into early Asia provided some early lift, allowing rate to edge to session highs of $1.2969 before Tokyo sold back into the speculated risk-on move at their open.
FX Daily Majors
Today’s highlights: – EURUSD: Decline lower persists for now, with the market threatening a top through 1.2863/35/03. We expect this support cluster to be targeted today. Below sees 1.2740.
FX Daily Strategist: Europe
– BoJ just meets consensus – USDJPY at risk of fall The BoJ expanded its asset purchases by 11 trillion yen ($138 billion) this morning, easing monetary policy for the second straight month.
Technical Analysis
EURUSD slowly but steadily eroding support and we still watch the 1.2883/93 support with great interest. USDJPY another QE and this time halflife….
FX Market Technical Research
EUR/USD: Trades Under Former July Support Line. The pair slips below the July support line to hover around the $1.2900 level, while daily tech studies continue to point lower.
EUR/USD Analysis
Closed NY at $1.2903 after rate had eased off a recovery high of $1.2924 to $1.2885 before settling into tight range around $1.2900 into close. US weather conditions made for expected subdued trade which carried over to early Asia.