Tag Archives: EUR/USD
Behavioral Finance: Daily Forex Outlook: A problem well-defined
EUR USD (1.2290) The Mario Draghi risk-on rally extended into Friday, resulting in the largest one-week gain for the euro in two months. Sceptics poured scorn on ECB president’s comment from the outset because, they claimed, it lacked substance.
Technical Analysis
In short: Expectations on ECB action later this week run high… EURUSD has completed a full bullish near-term 5-wave cycle – likely “A” in a broader “A-B-C” correction…
FX Market Technical Research
EUR/USD: Recovery Tests 21-Day Moving Average. The pair holds above the 5-day moving average at $1.2220, testing the 21-DMA at $1.2295.
EUR/USD Analysis
Closed in NY Friday at $1.2322 after rate had corrected off lows of $1.2241 to $1.2390 before pulling back to $1.2295 ahead of the close.
Asia today: Can the ECB really save the EUR? More clues this week
While the EUR had retreated from its 3-week highs versus the US dollar in the latter stages of Friday’s NY session, it opened a tad higher at today’s Asian open following weekend press reports in Europe.
Behavioral Finance: Daily Forex Outlook: The flight of the euro ‘bumblebee’
EUR USD (1.2285) Mario Draghi’s verbal intervention yesterday had the kind of impact Japanese monetary officials can only dream of. The euro climbed 1.75 percent as sound-bites from his speech hit the wires.
Technical Analysis
Euro & €Stoxx recovery could be extended. Watch USD index now!… EUR/USD All in one day or more coming?… EUR/GBP Has some upside catch up to do… EUR/SEK All over the place…
FX Market Technical Research
EUR/USD: Daily Studies Attempt Recovery. The pair recovers the 5-DMA at $1.2180 to test the 21-day moving average, which declines to $1.2310.
EUR/USD Analysis
Closed in NY at $1.2280, off extended recovery highs of $1.2330, with rate driven from earlier session lows Thursday of $1.2118 on reaction to ECB Draghi comments that the ECB would do everything within its mandate to support the euro.
Asia today: EUR maintains o/n gains; Soft Japan CPI tests the BOJ
After last night’s explosive EUR rally, Asia saw a mild correction in subdued activity but the single currency appeared to find support on the dips, at least in the near-term.
FX Monthly: Who’s afraid of the big, bad cliff?
We expect USD strength to persist into year-end, aided by relative economic outperformance and the sbsence of QE3. Our base case of a compromise on the impending fiscal cliff is consistent with limited Fed easing.
Behavioral Finance: Daily Forex Outlook: ECB watchers have policy reversals in their sights
EUR USD (1.2135) The euro started to rise yesterday after reports suggested the ECB’s Nowotny was in favour of giving the ESM a banking license. These reports need to be treated with some caution, however.