Tag Archives: EUR/USD
FX Daily Strategist: US
– Draghi delivers, EURUSD to continue its march towards 1.2800 It is clear from the market reaction following the ECB meeting yesterday that the outcome has presently surprised, even though . Stocks are continuing to trade higher (financials still outperforming), Spanish 10Y bonds have continued to rally (30bps following from 40bps yesterday).
FX Techs
At a glance: Cling together, swing together The European sovereign debt crisis opened a new chapter yesterday with the ECB’s decision to launch an unlimited bond buying program.
Technical Analysis
Risk appetite lift, AUD short covering, stocks up… EUR/USD A new top was printed… EUR/JPY Final leg higher underway… AUD/USD Bullish key day reversal… EUR/SEK Not the expected outcome…
FX Market Technical Research
EUR/USD: Approaching One-Year Resistance Line. The pair is approaching a resistance line from Aug 29 2011, which is valued at $1.2663 and declining 7 pips/day.
EUR/USD Analysis
Closed in NY at $1.2632 after rate had seen highs Thursday of $1.2652, following an unchanged rate decision by the ECB, sinking to $1.2561 as Draghi outlined (an already leaked) bond buying plan.
Technical Analysis
Eventful day(s) ahead. The common ccy resilient going into ECB with EURUSD looking set for yet another correctinal high, 1.2675? 1.2748?, EURJPY buyers at the low end of range threatens the upper boundary, EURGBP also failed to move lower,
FX Market Technical Research
EUR/USD: Approaching One-Year Resistance Line. The pair is approaching a resistance line from Aug 29 2011, which is valued at $1.2670 and declining 7 pips/day.
EUR/USD Analysis
Closed in NY at $1.2600 after settling back from a recovery high of $1.2625, seen as rate reacted to source reports concerning today’s ECB announcement on its much anticipated bond buying programme.
FX Daily Strategist: Europe
– Favouring long EURUSD ahead of Thursday’s ECB meeting and Friday’s US employment report The rebound of the USD and pullback in the EUR is a reflection of investors remaining on the sidelines ahead of Thursday’s ECB meeting and Friday’s US payroll report in our view.
Technical Analysis
It seems that the euro is flipping back into a defensive position, at least against the dollar, yen & pound – but not so against the krona with TCW breaking higher ground and EURSEK marching into a 8.45-8.50 test…
FX Market Technical Research
EUR/USD: Approaching One-Year Resistance Line. Euro-dollar is approaching a resistance line from Aug 29 2011, which is valued at $1.2677 and declining 7 pips/day.
EUR/USD Analysis
Closed in NY at $1.2566 after rate had squeezed to lows of $1.2555, the move taking direction from slippage in the equity markets, recovering off the lows as Wall Street pared losses into the close.