Tag Archives: EUR/USD
EUR/USD Analysis
Closed in NY Monday at $1.2585, rate recovered from lows of $1.2568 following weak ISM PMI data which signaled its first contraction since July 2009.
Behavioral Finance: Daily Forex Outlook: This EU summit does not fit the mould
EUR USD (1.2625) After a weekend of reflection following the EU summit, it is being claimed by many prominent commentators that Germany’s Chancellor managed to keep the overall liabilities for her country unchanged.
Daily FX Technical Strategy: Downbeat mood fails to lift
Heavy volumes in FX markets on Friday combined with wide trading ranges in many USD markets point to squaring out of long positions.
Technical Analysis
After the big moves, the impulsive relief moves post the EU summit, we probably will see the market digest the moves over the coming days. In general we should be looking for mid body tests (of Friday’s benchmark candles).
FX Market Technical Research
EUR/USD: Bulls Focus on Mid-June High. The EUR makes a sharp recovery over the 5 & 21-DMAs, which turn initial support at $1.2535/58 to reach a $1.2693 high.
EUR/USD Analysis
Closed in NY Friday at $1.2670 and consolidated post EU summit gains. The Euro opened in Asia at $1.2665 and briefly touched a high of $1.2680 on markets continued reaction to recent headlines.
German concessions trigger epic Euro squeeze
Euro shorts had their feet put to the fire on the surprising degree of German concessions at the EU summit. Many questions remain unanswered, but for now, the shorts are simply pressing the panic button.
Behavioral Finance: Daily Forex Outlook: EU summit expectations may have been too low
EUR USD (1.2575) Given the ultra-low market expectations for the EU summit, even a very modest softening in Germany’s tough stance would have been enough to surprise positively.
Technical Analysis
It’s all about the EU summit. Technically no changes only an opportunity to get in at better levels we think. EURUSD look for offers around 1.2625, same for AUDUSD around 1.0170,
FX Market Technical Research
EUR/USD: Recovers 21-Day Moving Average, Fibonacci Level. The euro makes a sharp recovery over the $1.2500 5-DMA and $1.2545 21-DMA to test a 61.8% retracement of the pullback from 18 June, at $1.2618.
EUR/USD Analysis
Closed in NY at $1.2440, rate recovered from $1.2414 lows in late trade. The euro opened flat before spiking in Asian afternoon trade, as risk appetite picked up in the wake of comments from EU officials.
Asia today: EUR surges on EU summit headlines
The EUR put on a huge spurt higher midway through today’s Asian session as headlines emerged from EU’s Van Rompuy that the Euro-zone had reaffirmed its commitment to use its bailout funds (EFSF and ESM) flexibly and efficiently.