Tag Archives: EUR/USD
EURUSD knocked back to the mat as Spanish yields swoon
EURUSD got a bit of a nosebleed above 1.2600. The approaching ECB meeting on Thursday is the key test for short term EURUSD sentiment – is about EU tail risks any more or is it all about devaluation?
FX Daily Strategist: Europe
– Long EUR beyond any short-term disappointment from ECB Sep 6 Markets traded in positive territory yesterday in Europe in an otherwise quiet session on anticipation of the ECB meeting on Thursday.
Technical Analysis
Focus on unfolding SEK weakness & wider 10y FRA/GER spread… EUR/USD Testing resistance again … EUR/SEK Testing overhead… AUD/USD Seems to respect support resistance… USD/SEK Should lift above the 21d EMA…
EUR/USD Analysis
Spiked to $1.2611 in late European trade on reports that ECB President Draghi would back up buying sovereign bonds with a maturity of up to 3 years, later easing to $1.2590.
FX Daily Strategist: US
– Focus to shifts from US to Europe post Bernanke and ahead of the ECB meeting on 6 September Fed Chairman Ben Bernanke’s highly anticipated Jackson Hole speech confirmed the dovish tone from the most recent FOMC minutes.
FX Techs
At a glance: Too calm to be true Apart from slightly increased volatility ahead of the decisive meetings and summits, the investment community seems to be little concerned as risk markets keep on defending their positive bias and the EUR appears to be undisturbed on its recovery path.
FX Daily Majors
Today’s highlights: – EURUSD: Prod above 1.2593/8 Fibonacci cluster exposes the mediumterm downward trendline at 1.2644. Above here is needed to expose the 1.2749 interim high.
Technical Analysis
€/$ – target met, GOLD take off, stronger NOK… EUR/USD Should be turning down… GOLD Well…that’s a take off!… AUD/USD At the low end of the bands… EUR/SEK Trying to break 8.31/32…
FX Market Technical Research
EUR/USD: Testing 100-Day Moving Average. The pair is testing the 100-day moving average at $1.2578, which is a declining measure.
EUR/USD Analysis
Closed in NY Friday at $1.2576 having eased off pullback highs of $1.2638 following Fed Bernanke’s speech that failed to deliver on QE. Euro-dollar was pulled lower by the aussie in early Asia to $1.2560 following weekend’s PMI data out of China, the move cushioned by demand in euro-aussie.
Asia today: Asian PMIs continue the weak tone; Risk holds up well
The first of the global manufacturing PMI reports confirmed what we already suspected – a slowing global marketplace.
Americas FX Daily
All eyes on Jackson Hole What happened overnight * Japan’s industrial production sharply weaker than expected in July * German retail sales surprise weak in July