Tag Archives: EUR/USD
FX Daily Strategist: US
– EURUSD enters a more bullish phase; Data unlikely to raise ECB easing expectations The EURUSD crept up again on Monday after Spain’s prime minister won an election victory yesterday in his home region of Galicia. This victory likely removes a hurdle for Madrid to apply for EU/ECB intervention via OMTs.
FX Daily Majors
Today’s highlights: – EURUSD: Rebounding higher from the 1.3005/1.2993 support zone. We expect a resumption of the upward trend through 1.3140 and 1.3172/8 for a continuation up to 1.3388.
Daily FX Technical Strategy: The sun shines for USD/JPY as clouds break
On Friday risk took a step back as base metals markets fell sharply and US equity markets dipped. Despite this decline, it is far from certain that the move is sustainable, given the recent ranging environment.
FX Daily Strategist: Europe
– EURUSD enters a more bullish phase; Data unlikely to raise ECB easing expectations The EURUSD crept up again on Monday after Spain’s prime minister won an election victory yesterday in his home region of Galicia. This victory likely removes a hurdle for Madrid to apply for EU/ECB intervention via OMTs.
Technical Analysis
Risk appetite a tad lower with Spanish bond yield showing bottom-ish signs, S&P500 back risking to break the 1416 support and OIL lower.
FX Market Technical Research
EUR/USD: Former Sept 17 Resistance Line As Support. The pair finds support from the former Sept 17 resistance line while daily tech studies tick higher.
EUR/USD Analysis
Market sentiment turned in the US afternoon on Friday and as stocks wilted on the 25th anniversary of Black Monday, euro flushed stops through $1.3020 to print session lows of $1.3013.
FX Daily Strategist: US
– EURUSD consolidation due; EU Summit unlikely to be negative catalyst The tones out of the two-day EU Summit, which started on Thursday, have so far been modestly positive.
FX Daily Majors
Today’s highlights: – EURUSD: Correcting lower from flagged trendline resistance at 1.3140. Our bias remains bullish and we expect this correction to gain traction and rebound higher from 1.3005/1.2993 support zone.
Global Technical Watch – Steady improvement
Peripheral European fixed income markets continue to show signs of strength, helping EUR crosses hold on to their recent gains. Although EUR/JPY posted a small sign of temporary stalling, USD/JPY is maintaining ground gained above its daily cloud.
FX Daily Strategist: Europe
– EU Summit so far providing positive tones, but no major catalyst for EUR buying. The rebound in risk-appetite following the stronger batch of activity data out of China failed to gain traction yesterday with less favourable US earnings reports (primarily in tech sector) placing a dampener.
Technical Analysis
EUR/USD & EURJPY slightly lower, backing off their respective trend lines. Especially the EURJPY move looks encouraging and even more so if ending today in negative territory,