Tag Archives: EUR/USD
FX Market Technical Research
EUR/USD: Attempts Recovery Off 200-Day Moving Average. The pair continues to attempt a recovery from the 200-DMA and minor rising support line at $1.2823/57.
EUR/USD Analysis
Closed in NY at $1.2907 , the rate having seen high earlier in the day of $1.2937 before squeezing back to $1.2887. The recovery into the close continued into Asia, the move extending to $1.2924 before getting knocked back to $1.2910 but the dip quickly attracted fresh demand that saw rate edging toward resistance in […]
Asia Today: More pressure on the AUD as retail sales disappoint
The focus was still on Australia in today’s Asian data slate with retail sales in the spotlight this time. The good news was that retail sales rebounded back into positive territory in August having slumped 0.8% m/m the previous month.
FX Daily Majors
Today’s highlights: – EURUSD: Prod above 1.2960 is capped at 1.2970 for now but broader recovery risk still intact whilst above 1.2803/1.2740 support zone for 1.3172.
Technical Analysis
The aussie seems to be the prevailing underdog now, with SEK & potentially also the GBP set to continue to underperform… EURUSD is stuck in range and FIRMLY outside outside 1.2820-1.2970 is needed to see a directional tilt…
EUR/USD Analysis
Closed in NY at $1.2917 having corrected off a session high of $1.2968 as market reacted to comments from Spain’s Rajoy that a request for aid was not imminent.
FX Market Technical Research
EUR/USD: Attempts Recovery Off 200-Day Moving Average. Euro-dollar attempts a recovery from the 200-DMA, which matches a minor rising support line at $1.2823.
FX Daily Majors
Today’s highlights: – EURUSD: Support found at 1.2803 trendline support ahead of the 1.2740 38.2% retracement. We expect a breakout above 1.2838 to allow for risk up to 1.3048 initially, then 1.3172.
FX Daily Strategist: Europe
– AUD crosses to weaken following unexpected RBA cut; Statement dovish RBA unexpectedly cut rates by 25bps 3.25 per cent delivering a fairly dovish statement suggesting that further rate cuts lie ahead. The RBA statement was quite dovish on all points, and there was a noticeable increase in concern over the China growth outlook.
EUR/USD Analysis
Closed in NY at $1.2886 after rate had seen extended recovery highs of $1.2939, off earlier Asian lows of $1.2804, with rate edging off initial pullback lows of $1.2877 into the close.
Daily FX Technical Strategy: AUD look out
At the start of a new quarter, the AUD is taking centre stage. AUD/NZD appears to have completed a huge Head and Shoulders top and conservatively threatens to revisit its 2011 low.
FX Daily Majors
Today’s highlights: – EURUSD: Reversal on Friday from resistance found at 1.2838 turns the focus lower to the 1.2740 38.2% retracement which is expected to hold.