Tag Archives: EUR/USD
FX Market Technical Research
EUR/USD: Back Within Bollinger Band. The pair holds above the former 61.8% retracement level, which had capped at $1.2444, with this level now turning support.
EUR/USD Analysis
Spiked late in NY Friday to $1.2561 after reports that the ECB was considering zone targets for peripheral bond yields, later paring gains to close at $1.2511.
Asia today: Currencies steady; Must we now wait for Jackson Hole?
There was not much in the way of weekend headlines to disturb the Asian open today, so currencies were orderly and close to New York’s Friday closing levels.
FX Daily Strategist: US
* Eurozone political and ECB developments in focus. EUR upside beckons EURUSD continues to trade close to seven week highs at 1.2550 – 1.2600. The market focus still remains firmly on the ECB’s extraordinary policy response on which details are not yet fully available.
FX Daily Majors
Today’s highlights: * EURUSD: Probing 1.2598/3 resistance. We expect a correction lower from here, back to 1.2431 support. Below here then exposes 1.2337 channel support
FX Daily Strategist: Europe
* Eurozone political and ECB developments in focus. EUR upside beckons As the London morning starts, EURUSD is trading close to seven week highs at 1.2550 – 1.2600. The market focus still remains firmly on the ECB’s extraordinary policy response on which details are not yet fully available.
Technical Analysis
In the search of a €/$ peak. AUD @ great risk!… EUR/USD Another attempt to peak… AUD/USD Watch out for a 1.0410 break!… USD/JPY Creating a bear flag… EUR/SEK Looking for 8.26/28 bids…
FX Market Technical Research
EUR/USD: Still Testing Bollinger Band. The pair has made a significant break above the 61.8% retracement level, which had capped at $1.2444 and now turns resistance.
EUR/USD Analysis
Closed in NY at $1.2563, off NY rally highs of $1.2590, with traders noting that a large offer was taken out at this level.
FX Daily Strategist: US
*FX to yet price QE3; EURUSD to accelerate towards 1.2700 into next week As anticipated, the FOMC minutes yesterday came in on the dovish side invigorating QE3 expectations. USD has been hurt vs. G10 FX, but more so against Asian and CEMEA FX.
We didn’t start the fire, but we’ll fuel it! FOMC over reaction?
There is plenty to talk about this morning and yet nothing overtly new in the scheme of things. What was supposed to be a non-event last night turned out to be the lighting of a very short fuse and ensuing USD sales.
FX Daily Majors
Today’s highlights: * EURUSD: Breakout above 1.2444/79 key resistance results in an acceleration higher towards the more critical cluster of Fibonacci hurdles at 1.2593/8, which should cap.