Tag Archives: EUR/USD
FX Market Technical Research
EUR/USD: Focus Remains On May 1 Resistance Line. The pair posted a dark candle yesterday, with the possibility of becoming a dark cloud cover pattern, depending on confirmation today.
EUR/USD Analysis
Closed in NY Thursday at $1.3065 after earlier printing highs of $1.3128. Euro slipped on the premature release of Google earnings, aided by headlines that the Greek PM is asking the EU to release the full E31.5bn tranche of aid as soon as possible.
FX Daily Strategist: Europe
– Rebounding China sentiment to provide tailwind to AUD While more mediocre US earnings releases overnight have not provided a positive catalyst in themselves, the stronger batch of activity data out of China this morning should help maintain positive sentiment.
Technical Analysis
Risk on mode remains in place. Again basically slow moves however with the greenback gaining some since yesterday whereas the euro and especially the yen having weakend somewhat. Chinese equities having a good day (so far) challenging the Sept/Oct peaks.
FX Market Technical Research
EUR/USD: Capped By May 1 Resistance Line. The pair moved up to the May 1 resistance line, but consolidated below as daily tech studies pointed the way higher.
EUR/USD Analysis
Closed in NY Wednesday at $1.3125 off earlier highs of $1.3139. Tight range trade continued with talk of Asian sovereign and real-money sales capping on the topside.
FX Daily Strategist: US
– EURUSD still constructive, but could consolidate towards the weekend Risk-sentiment has continued to move higher helped by better still decent US earnings reports and a decision by Moody’s to affirm Spain’s investment grade rating (the lowest at Baa3 with a negative outlook) last night.
FX Daily Majors
Today’s highlights: – EURUSD: Breakout above 1.3074 resistance paves the way for a challenge of the 1.3172/78 resistance zone. Note 1.3150 trendline resistance in the interim.
Daily FX Technical Strategy: EUR looks up
Positive moves in European equities, such as the bullish flag and double-bottom confirmation in the French CAC, along with the bullish break in Italian 10y Government Bonds toward the 2012 yield lows near 4.68%, have prompted a more optimistic outlook for the EUR.
FX Daily Strategist: Europe
– EURUSD still constructive, but could consolidate towards the weekend Risk-sentiment has continued to move higher in Asia helped by better US earnings reports and a decision by Moody’s to affirm Spain’s investment grade rating (the lowest at Baa3 with a negative outlook last night on account of the proactive ECB response via the unveiling […]
Global Technical Watch – EUR recovery
Bullish signals (in favour of lower yields) in Italian 10y yields are one of the catalysts for returning optimism for the EUR. Italian 10y yields are now threatening a range base that has been in place for over a year, and a move below this range would likely be yet another EUR-positive signal.
Technical Analysis
The euro looks a little stronger now and defensive currencies like USD & JPY have to dodge. EURUSD could set a fresh >1.3173 high – at least barring a <1.2825 counterbreak… Below 78.60 would hurt the dollar against it’s index…