Tag Archives: EUR/USD
EUR/USD Analysis
Closed in NY at $1.2203, after recovering off session lows at $1.2166. Rate dropped back from an early high of $1.2210 to $1.2181 in opening Asian trade as market reacted to Moody’s downgrading of Italy’s bond rating.
Asia today: China Q2 growth slides to 3-year low; muted reaction
The Asian week finished with a bang as China’s Q2 GDP numbers came in slightly below expectations, though not enough to cause too much of a stir.
Market throws a tantrum on positive US jobless claims
A very positive weekly US jobless claims number (or was it?) sees risk off and the USD rallying as it frustrates this QE-seeking market. The USD rally is very much back on track.
Behavioral Finance: Daily Forex Outlook: Fed looks less dovish against the new backdrop
EUR USD (1.2235) Market disappointment at the Fed minutes has to be evaluated against the changed backdrop where other central banks namely the ECB and BoE, as well as several Asian monetary authorities have engaged in easing since the Fed meeting.
Daily FX Technical Strategy: Momentum points to higher dollar
Growth concerns dominated trading overnight. Low and falling US yields made no impact on the dollar which rose even against recently strong currencies like the AUD and KRW.
Technical Analysis
In general a stronger dollar emerging with especially CABLE, AUDUSD, NZDUSD seen as a sell. The yen also seems to be on a strengthening path. EURUSD a marginally new low has fulfilled at least our minium target of a fresh cycle low,
FX Market Technical Research
EUR/USD: Studies Remain Weak. The EUR is still under pressure amid weak daily studies but trade is back within the falling Bollinger band of $1.2185, allowing more room for bears to extend the $1.2212 low.
EUR/USD Analysis
Closed in NY at $1.22361 having seen extended lows post less than expected dovish FOMC Minutes release of $1.2212, the move lower taking out option barrier interest at $1.2230 and $1.2220, but stronger demand ahead of larger barrier interest at $1.2200 cushioned the move lower.
Global Technical Watch
The EUR continues to trend strongly lower on the crosses and intraday strength is repeatedly proving to be short-lived. The larger backdrop remains negative especially for some crosses such as EUR/SEK which is posting new lows not seen since 2000.
Technical Analysis
Small movements overnight but S&P took out the first support (in the support cluster), CRB added more confidence to a downside turn in commodities hence AUD with its three wave hourly pattern looks like a sell candidate.
FX Market Technical Research
EUR/USD: Studies Remain Weak. The euro is still under pressure amid weak daily studies but trade is back within the falling Bollinger band of $1.2225, allowing more room for bears to extend the $1.2235 low.
EUR/USD Analysis
Closed in NY at $1.2253 after seeing lows in this session of $1.2235. Rate marked an early low of $1.2246 in Asia before a reserve manager emerged as an early buyer (in cable as well) lifting the rate to an initial high of $1.2255 before fund demand added to the upside pressure that took rate […]