Tag Archives: EUR/GBP
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of last week’s spike low at 1.3503.
The Global Macro Pulse
With the exception of the 0.3% rise in the Nikkei, most Asian equity markets have softened today and S&P futures are down slightly.
UBS Morning Adviser
Careful calibration needed for RBNZ as NZD weakens for the wrong reasons Witnessing a currency declining from self-professed ‘overvalued’ levels is normally welcomed by any central bank.
Daily Market Technicals
After having failed to close above the 21-DMA on recent attempts bearish focus has re-emerged with the result being a move lower that firmly has the 2014 lows in its sights.
FX Daily
Today’s data calendar is very light. The main focus will probably be the April labourmarket report in the UK.
Daily Technical Report
EUR/USD made a bullish intraday reversal on 5June. However, the lack of follow-through andthe current deep retracement suggest persistentselling pressures.
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of price support at 1.3503 next.
UBS Morning Adviser
Delayed second-wave of euro weakness ahead? On Wednesday, the ECB rate cuts announced last week finally take effect.
Daily Market Technicals
ERU/USD managed another brief pop above the 21-DMA but fell short of last week’s high before heading sharply lower and managing a relatively bearish close.
FX Daily
Outside Scandinavia we have a relatively light calendar today. In the euro area bothFrance and Italy will release industrial production (IP) for April,
FX Daily Majors
Today’s highlights: EURUSD remains capped below 1.3688/90 – price resistance and 38.2% retracement of the decline from May – leaving the risk marginally lower.
Daily Technical Report
EUR/USD made an intraday bullish reversal lastThursday, indicating exhaustion in the short-termselling pressures. Resistances can now be foundat 1.3688 (22/05/2014 high) and 1.3734(19/05/2014 high).