Tag Archives: USD/MXN
What vol implied ranges tell us about 2014
On EUR/USD, spot has traded a 1.29 handle in each of the last 10years. 2014 is not the moment to break the pattern, given the skew ofbig picture macro risks, from slowly pricing US rate hikes in the shortendof the USD yield curve,
Weekly Economic & Financial Commentary
U.S. Review Is Tapering on the Fed’s Gift List? * November employment numbers were stronger than expected and the unemployment rate slid to a level once consistent with the end of quantitative easing.
Bearish EUR/USD & GBP/USD prints, SEK looks exposed again & CAD weaker
EUR/USD: Yesterday’s candle adds confidence to a correctional phasepassed its peak. Exiting the lower end of the ascending55day moving average band would enhance a bearishstance.
A “Bearish engulfing candle” in cable has been added
EUR/USD: Nearby short-term refs to keep an eye on are located at1.3400 & 1.3585 and one has to yield to show the way. Nextabove would then be a weekly mid-body point at 1.3645 and
Weekly Economic & Financial Commentary
The release of the minutes of the October FOMC meetingtemporarily raised concerns that the Fed may opt to begin scalingback its monthly security purchases in December,
Weekly CFTC Trader Positioning Data
USD SENTIMENT BUILDS AT THE EXPENSE OF EUR AND JPY Positive sentiment toward the USD has continued to build this week at the expense of EUR and JPY as most of the remaining pri-mary currencies were left unchanged.
FX Viewpoint: Headwinds to Mexican growth are abating
Mexico’s third quarter GDP growth reverses last quarter’s contraction and signals that Mexico is on track for a modest economic recovery.
Dollar’s hot, euros not. Sell commodity currencies.
EUR/USD: So with the final pop up, spiking above the 55d ma band theeight and a half day long correction finally came to an end.
Weekly Economic & Financial Commentary
U.S. Review: A Little Less Shine on the Data * The trade gap increased more than expected in September as exports slipped 0.2 percent and imports rose 1.2 percent.
Weekly CFTC Trader Positioning Data
USD BULLS GAIN GROUND Sentiment is growing increasing bullish USD; but with the exception of EUR and
Seeking a stronger dollar. €/Scandies consolidating.
EUR/USD: A first attempt to end the current upward correction wasseen yesterday but was apparently not drawing enoughselling to break down from the bear flag.