Tag Archives: USD/KRW

$ correction getting legs. S&P – that’s a bullish print!

EURUSD: It certainly looks like that the (for some time) sought upwardcorrection now finally is getting traction.

The USD recovered slightly in Asia. The EURUSD edged down to 1.2633,

EURUSD has outperformed, rising to 1.2620, AUSDUSD has edged up to 0.8752 and

In G10, EUR and JPY were both flat to Friday’s NY close around 1.252 and 109.6 respectively.

EURUSD: With the move below 1.2614 the correction case evaporatedand the pair

The major currencies have drifted sideways ahead of US payrolls. EURUSD is at 1.2655,

FX markets have been all about a USD squeeze. EURUSD popped up to 1.2662,

AUDUSD underperformed, dropping to 0.8680 before finding support.

The USD continued to strengthen, mostly against the commodity currency bloc.

US: Q2 GDP (T), Consumer Sentiment: We expect second quarter growth will be revised up to 4.6% from the current 4.2% reading,

We remain bullish on the USD over the next few weeks and favor expressing this view via long USDJPY positioning.

EURUSD traded flat at 1.2857, USDJPY softened to 108.6 and AUDUSD rose slightly to 0.8863 from its overnight low.