All Blog Posts Tagged 'EURO' (405)

JP Morgan Currency view: EURUSD technicals

"The big question whether a countertrend rally top is already in place at 1.3967 remains unanswered for the time being. The prospects of this being the case are however remaining good as long as 1.3898 (minor 76.4 %) is not broken decisively. That said and in order to confirm the countertrend rally top, it takes…

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Added by Daologic on April 14, 2014 at 1:30pm — No Comments

TD: Morning FX Outlook-FX Set-up: Draghi—Keeping the Threat Alive

"FX Set-up: Draghi—Keeping the Threat Alive…

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Added by Daologic on April 14, 2014 at 12:00pm — No Comments

BMO FX Strategy Daily

"From the Spot Desk

Support 1.0950…

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Added by Daologic on April 14, 2014 at 12:00pm — No Comments

Rabobank Global Daily 14/4 - ECB takes aim at the EUR

"Market comments

ECB President Draghi took clear aim at the EUR on Saturday by remarking that “a further strengthening of the exchange rate would require further stimulus”.  The comments came following the spring meetings of the IMF and World Bank.…

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Added by Daologic on April 14, 2014 at 8:00am — No Comments

UBS FX Comment - Pain, Positioning and Policymakers

"The pain trade in the currency markets is the renewed weakness of the dollar against the euro, yen, Swiss franc and Australian dollar. Despite US jobless claims falling to its lowest levels since 2007, the greenback has been sold since March's Federal Open Market Committee minutes were published. In the very near term dollar longs may still be cut. But the market's position adjustment is also painful for policymakers outside the US seeking weaker domestic currencies against the greenback.…

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Added by Daologic on April 14, 2014 at 5:30am — No Comments

BBH MarketView: Dollar Breakout or Range-Bound ?

"Dollar Breakout or Range-Bound?

The US dollar had a difficult week. It lost ground against all the major currencies. Falling interest rates, sparked by the FOMC minutes that reassured investors that an early US rate…

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Added by Daologic on April 14, 2014 at 5:30am — No Comments

TD Securities: Weekly technical outlook EURUSD

A drop under short-term support at 1.3870 should see the EUR ease back to 1.3775/00 at least.

 EURUSD is again testing the waters above long-term trend resistance of the 2008 peak after rebounding from weekly channel support at 1.3695. Gains may well be constrained by stronger (more recent, more…

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Added by Daologic on April 14, 2014 at 5:00am — No Comments

BBH MarketView: ECB Action: Just a Matter of Time?

"ECB Action:  Just a Matter of Time?

The Managing Director of the IMF and the chief economist are making no bones about it. More action by the ECB is inevitable. It is "just a question of timing," says Lagarde and "sooner was better than later", chimed…

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Added by Daologic on April 11, 2014 at 2:30pm — 1 Comment

Rabobank FX: SEK - another rate cut?

"SEK – another rate cut?

(...)   In the weeks ahead, another rate cut from the…

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Added by Daologic on April 11, 2014 at 9:00am — No Comments

Deutsche Bank - Early Morning Reid - Macro Strategy

"The yo-yo year continues as the S&P 500 last night sold off sharply (-2.09%) to yet again cross into negative territory for the year. We can't help thinking that as it becomes ever clearer that the Fed is pretty much fixed in its determination to stop QE late this year, the oxygen that has fuelled the 5 year bull market is slowly draining out of the market. Clearly the Fed is still…

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Added by Daologic on April 11, 2014 at 8:30am — No Comments

TD:FX and Commodities Weekly-Recent Trade Recommendations

"OPEN TRADE – March 27

Sell EURAUD at 1.4839

Target of 1.45; Stop of 1.4839 (revised)

There is a window for the AUD to overshoot and the

EUR’s topside potential should be severely limited by

the ECB lifting the FX issue to front and centre of its

policy communication strategy. We have dropped the

stop on this trade to cost though as equity market

volatility may limit the shelf life of this trade.

CLOSED…

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Added by Daologic on April 11, 2014 at 4:30am — No Comments

TD: Morning FX Outlook-USDCAD: Slides Below Key Support

"USDCAD: Slides Below Key Support…

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Added by Daologic on April 10, 2014 at 11:30am — No Comments

TD: Morning FX Outlook-FX Set-up: EUR Fades ECB-induced Weakness

"FX Set-up: EUR Fades ECB-induced Weakness…

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Added by Daologic on April 8, 2014 at 11:30am — No Comments

RBSM: Global Currency Themes for the Week | Still Accumulating USDs

"Trading Strategy | Continue to look for opportunities to accumulate dollars as the data challenge the Fed's push back on higher market interest rates. Add GBP/USD shorts to existing USD/CHF longs on evidence of widening imbalances and slowing UK growth. Stay short EUR/USD after last week's soft Euro area CPI report and dovish ECB. Add on a break of 1.3645. Square tactical long USD/SEK exposure ahead of this week's Riksbank meeting, but…

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Added by Daologic on April 7, 2014 at 12:30pm — No Comments

TD: FX CFTC Report

"Changes in IMM positioning in the major currencies were moderate in the week through April 1st, except for MXN, JPY, and AUD.  The former registered a significant increase in net long contracts, which led to a reversal from a net short position of –1.6k to a net long…

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Added by Daologic on April 7, 2014 at 6:29am — No Comments

RBS: EURUSD weekly technical outlook

EUR/USD – Post-ECB price action saw a medium-term Head and Shoulders triggered on the daily chart as well as forming a three-line strike candlestick pattern. Measuring targets from the pattern are 1.3550 and 1.3450. This type of pattern is usually accompanied by a return move to the neckline,…

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Added by Daologic on April 7, 2014 at 5:38am — 1 Comment

TD Securities: EURUSD weekly technical outlook

"EURUSD’s early gains this week petered out above 1.38, the sell-zone we anticipated in last week’s update and effectively the top of the downward sloping channel that has developed off the early March peak. The outside range day lower Wednesday was the cue for a renewed push down that has extended below…

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Added by Daologic on April 7, 2014 at 5:30am — No Comments

TD Securities: Recent Trade Recommendations:Sell EURAUD and Buy USDCAD

"Recent Trade Recommendations

OPEN TRADE – 27 March

Sell EURAUD at 1.4839

Target of 1.4200; Stop of 1.4960

This trade remains just about alive but might regain

momentum in the near-term if today’s ECB policy

messaging gets a little more traction with the market.

EURAUD losses should pick up below 1.4820/30.

OPEN TRADE – 20 February

Buy USDCAD at 1.1106

Target of…

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Added by Daologic on April 4, 2014 at 5:30am — No Comments

BBH MarketView: ECB Does Nothing. Yada, Yada, Yada

"In the face of falling, inflation and weakening financial conditions, despite the end of the economic contraction, the ECB stands pat and only offers a reiteration of its threat of some unspecified action if needed.    Draghi did tweak his remarks a little, such as committing to swift action if needed and that the unanimous aggreement about the unconventional policies (which…

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Added by Daologic on April 3, 2014 at 1:30pm — No Comments

BBH MarketView: Currency Positioning and Technical Outlook: Greenback Mixed for Start of Q2

"Euro:  The combination of the dovish comments from ECB officials, where even the Bundesbank appears to have warmed to the idea of QE, and the somewhat more hawkish FOMC, has prompted some profit-taking on long euro positions.  The euro peaked just shy of the $1.40 level on March 13.  While Draghi's comments helped put the euro's top in, it was Yellen's comments that exposed the…

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Added by Daologic on March 31, 2014 at 6:46am — No Comments

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