Tag Archives: EUR/GBP
FX Daily Majors
Today’s highlights: EURUSD continues to trade sideways in a tight range but we remain bearish for a break of key price support at 1.3586.
Daily Technical Report
EUR/USD has moved recently within a shorttermhorizontal range between 1.3586 and1.3650. Today’s ECB decisions are likely todetermine the direction of the next short-termtrend.
UBS Morning Adviser
Draghi’s words always do the damage, so position accordingly The ECB decision today is perhaps the most-scrutinised in nearly two years as negative rates are expected.
Daily Market Technicals
EUR/USD has again pulled back from the key $1.3647-72 region only to find support ahead of the $1.3586 low from May 29.
FX Daily
Today’s ECB meeting will be the main attraction. We expect the ECB to deliver anaggressive easing move by cutting the refi and deposit rates, taking the latter intonegative territory.
FX Daily Majors
Today’s highlights: NZDUSD has broken key support at .8432/16, leaving the bias lower towards our core target at .8362/55.
Daily Technical Report
EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).
UBS Morning Adviser
Is additional US outperformance needed for CAD shorts to work? Having passed up multiple opportunities to talk down the Canadian dollar in statements and
FX Daily
The Spanish and Italian May service PMIs are due for release. The Spanish figureincreased to 56.5 in April, which is the highest print since the beginning of 2007.
Daily Market Technicals
The $1.3647-69 resistance region remains key this week with bulls needing a close above to confirm an easing of bearish pressure and
FX Daily Majors
Today’s highlights: NZDUSD remains poised for a test of key price support at .8432, below which should trigger a decline towards .8416.
Daily Technical Report
EUR/USD remains in a short-term bearishtechnical structure as long as prices stay belowthe resistance at 1.3650 (27/05/2014 high, seealso the declining trendline).