Tag Archives: EUR/USD
FX Daily Strategist: Europe
– Further upside to NOKSEK likely this week driven by soft Swedish releases Norwegian and Swedish CPI is scheduled to be released on Wednesday and Thursday respectively. BNP Paribas expect Norwegian CPI to rise 0.8% m/m, mainly due to seasonal factors, causing the y/y headline rate to fall slightly to 0.4%.
Technical Analysis
The euro got it on the chin (again) yesterday and finds itself in a group of underdogs, or perhaps as the leader of the pack… EURUSD is seemingly set to take out the monthly low of 1.2804 now…
FX Market Technical Research
EUR/USD: Pullback Through 21-Day Moving Average. The pair fails ahead of the one-year trendline, now at $1.3093, falling back through the 5 & 21-DMAs, which turn initial resistance at $1.2953/58 with support now at the 200-DMA of $1.2823.
EUR/USD Analysis
Closed in NY at $1.2879 after rate extended its corrective pullback (off post Friday’s NFP highs of $1.3072) through the NY session to a low of $1.2859.
FX Daily Majors
Today’s highlights: – EURUSD: ‘Evening star’ reversal pattern turns the focus back on trendline support now at 1.2916. We expect a break below here for 1.2803/1.2740 support.
FX Daily Strategist: Europe
– USD starts to give back recent gains – still an opportunity to buy GBPUSD and NZDUSD The USD has started to give back some of its recent gains, particularly against the commodity currencies. We expect that amid little major newsflow this renewed sell-off in the USD can continue.
Technical Analysis
EURUSD fell back some yesterday and puts some pressure on supports below at 1.2935 & 1.2900/1.2875… The pound is under increasing pressure, both against the dollar and against the euro.
FX Market Technical Research
EUR/USD: Bulls Focus on One-Year Trendline. The pair sees a bull-cross for the stochastic and momentum studies, turning bull’s attention to a one-year trendline at $1.3098.
EUR/USD Analysis
Opened in Asia at $1.2969 after the rate had seen corrective pullback lows in European trade Monday at $1.2938, following its correction off post US NFP data react highs of $1.3072 Friday.
EURUSD breaking down
The Friday attempt to maintain the 1.3000 level in EURUSD appears to have failed, as the pair is breaking back down through short-term support which may see it eventually retesting the 200-day moving average in the 1.2825 area.
FX Daily Strategist: Europe
– Post-NFP USD rebound an opportunity to buy GBPUSD and NZDUSD The USD’s initial sell-off in response to Friday’s NFP proved to be short lived, with the USD strengthening through to the end of Friday, particularly against the commodity currencies.
Technical Analysis
EURUSD finally attracting sellers (above 1.30)? AUD under pressure with AUDUSD violating the Sept low, AUDJPY turning sharply lower from its minor correction, AUDCAD falling below its May low and more.