Tag Archives: EUR/USD
FX Daily Strategist: Europe
* FX to more clearly price in QE3; EURUSD the best vehicle at present As anticipated, the FOMC minutes yesterday came in on the dovish side and saw the USD weaken against both EUR and JPY. It now appears that the markets are truly beginning to ponder QE3 more seriously;
Technical Analysis
EUR/USD peaking? Return of the yen! Gold shining… EUR/USD Time to resell?… USD/JPY Back on track lower… EUR/SEK Congestion/correction… USD/SEK Drifting down from support… EUR/NOK Upside pressure mounting… NOK/SEK Base, triangle or flag?
FX Market Technical Research
EUR/USD: Pushing Out of Bollinger Band. EUR/USD has made a significant break above the 61.8% retracement level and also the June resistance line as daily studies turn higher.
EUR/USD Analysis
Closed in NY at $1.2529 after rate had been driven to extended recovery highs of $1.2539, from earlier session lows of $1.2431, following the release of dovish FOMC Minutes.
Americas FX Daily
EUR crosses hold onto overnight gains What happened overnight * Japan reports a worse than expected trade deficit in July * South Africa CPI data fails to show impact of higher food prices * We recommend short-dated USDJPY RKI risk reversals
FX Daily Majors
Today’s highlights: * EURUSD: Threatening the 1.2479 61.8% Fibonacci retracement hurdle after yesterday’s aggressive rally through 1.2383/7/8 resistance zone.
FX Daily Strategist: Europe
* Political events in Europe should further restore confidence in the EUR The EUR held onto its Tuesday recovery throughout the remained of the New York and Asia trading sessions, but the lack of a rebound in the commodity currencies and large moves in EURAUD, EURCAD and EURNZD reflects that much of the move likely […]
Technical Analysis
Euro short squeeze, but beware looming risk off mood… EUR/USD Triangle setup overruled… USD/JPY Buyers at support… EUR/SEK Correctional peak still wanted… USD/SEK Still confined to range… EUR/NOK Some focus on the recent high… NOK/SEK Rechecking the 55day EMA.
FX Market Technical Research
EUR/USD: Breaks Above Fibonacci Level. Euro has broken above 61.8% retracement level at $1.2445 and now tests a resistance line at $1.2489.
EUR/USD Analysis
Closed in NY at $1.2470 after recovering from pullback lows of $1.2457 having seen extended highs earlier in the session of $1.2488 on continued euro short covering.
FX Daily Strategist: US
Sentiment recovers as expectations of ECB response persist; USD hurt A more risk positive tone has come through today with european equities higher with financials outperforming, the catalysts being good Spain bill auctions (much lower yields) and a UK Telegraph story putting more weight behind yesterday’s story the ECB was looking to target peripheral […]
FX Daily Majors
Today’s highlights: * EURUSD: Challenging 1.2383/7/8 resistance cluster. We highlight that an upside break above here completes a minor base with risk higher to 1.2444/79.