Tag Archives: EUR/CHF
Bearish EUR/SEK “Head & shoulders” top formation in place
EUR/USD: The near-term correction higher may be over withyesterday’s toppish looking candle. Extension below 1.3620today would turn focus back on the low end in “the Cloud”and the recent 1.3548 low again.
Daily Technical Report
EUR/USD has thus far failed to break theresistance area between 1.3677 and 1.3687(10/01/2014 high, see also the 38.2%retracement).
FX Daily
In the US we expect headline retail sales to have slowed markedly in December to just 0.1% m/m from a solid 0.7% m/m mainly on the back of a substantial decline in auto sales.
UBS Morning Adviser
Expecting higher dollar versus the yen, Nordic and commodity currencies Fed officials are likely to ‘look through’ Friday’s soft payrolls report.
G10 market trends – EUR still resilient
EUR: still resilient Last week’s European Central Bank (ECB) meeting saw President Mario Draghi adopt a particularly accommodating stance,
Technician
EUR/USD: Momentum is roughly neutral. Consolidation around 60-day moving average is likely (200-day/20-day moving average range).
Daily Technical Report
EUR/USD moved significantly higher last Fridayand is now challenging the resistance at 1.3677(see also the 38.2% retracement). A short-termbullish flag could be underway,
FX Daily
Bundesbank Vice President Sabine Lautenschläger is scheduled to testify before the European Parliament’s Economic and Monetary Affairs Committee at 19:00 this evening on her nomination to the ECB board where she replaces Jörg Asmussen.
UBS Morning Adviser
More BoJ easing still likely The heavy price action in USDJPY after Friday’s payrolls report does not change our fundamental view that the USDJPY upswing is likely to extend this year.
Daily Technical Report
EUR/USD has broken the support at 1.3621(06/12/2013 low). Coupled with the falsebreakout of the key resistance area between1.3811 (11/12/2013 high) and 1.3832, a doubletopis likely underway.
FX Daily
Focus will be on the US employment report for December and we expect it to be strong. We expect non-farm payrolls to have increased by 205,000 in December mainly driven by
UBS Morning Adviser
Dollar’s risk status still unclear Our economists have chosen not to take the ADP figure as signal for stronger payrolls,