Tag Archives: EUR/USD

Daily FX Update

News that Japan has fallen into recession is weighing heaving on markets leading into the NA open and

EUR/USD: Stay long even though spot is back to the session-low.

EUR/USD has broken the resistance at 1.2509,favouring a longer rebound.

USDJPY was the big mover in Asia trading, falling to 115.78 post the GDP report from a day high above 117.

EURUSD: After a temporary dip below 1.2419 the buyers took controlpushing the pair sharply higher and

In the US industrial production is due for release and we expect an increase of 0.2%m/m in October.

The sharp bounce from ahead of the $1.2395 support Friday eased bearish pressure and sees the focus shift to

The pair traded a $1.2398 to $1.2546 range during the US hours on Friday,

Price action over the past few weeks suggests the EURUSD may rise more on short covering,

More surprises in store in Japan? Persistent rumours are reporting that Mr Abe could delay the second rise in VAT,

The USD is broadly stronger into the open, reacting to both the fundamental currency outlook,

EUR/USD continues to consolidate in the shorttermtime frame.