EUR/USD Technical Analysis: The Euro may get capped off by 1.16

Friday's decline leaves the pair steeply off the recent median, but technical bounceback has been limited. Hourly indicators have spun out towards their midranges, traders will be looking for fresh momentum before jumping back in. Dovish ECB last week leaves plenty of further bearis ...

AUD: Softest G10 currency over the past week – Westpac

According to Sean Callow, Research Analyst at Westpac, given the slide in the euro after the ECB meeting, it is notable that AUD rather than the euro is the softest G10 currency over the past week. Key Quotes “US-China trade tensions could remain in focus given a mostly low-key globa ...

EUR/USD: Bearish setup intact, Draghi’s speech eyed

Bearish outside-week candle, downward sloping moving averages (MAs) indicate the bearish setup is intact. The EUR/USD could extend decline towards 200-week MA of 1.1404 if ECB's Draghi sounds dovish. The EUR/USD fell from 1.1852 to 1.1543 last week, creating a bearish outside-week candle ...

FX Daily: Trade and political concerns are back in fashion – Westpac

Westpac analysts are out with Monday's outlook, and last week's trade issues are likely to continue driving markets as the new week gets underway. Key quotes "The US confirmed news reports that it would implement a 25% tariff on $50bn worth of imports from China. China, in swif ...

EUR/USD: To trend down to the 1.12 area on 12M – Rabobank

Analysts at Rabobank  continue to expect broad-based USD gains in the coming months and retain a forecast of EUR/USD at 1.12 on a 12 month view. Key Quotes: “On the back of the ECB’s dovish policy statement on rates on June 14, EUR/USD suffered one of its largest daily falls o ...

US Dollar bounces off lows post-US data, around 94.70

The index finds support in the 94.70/65 band. US Industrial Production contracted 0.1% MoM. US flash Consumer Sentiment surprised to the upside at 99.3. The greenback, in terms of the US Dollar Index (DXY), remains on the defensive so far today albeit it managed to rebound from daily lows i ...

EUR/USD parked around 1.1600 on US data

The pair stays sidelined around 1.1600 on Friday. The greenback alternates gains with losses below 95.00. US Empire State index came in above expectations in June. EUR/USD clings to the positive territory at the end of the week, following yesterday’s bearish outside day around the 1.160 ...

Eurozone: Q1 softness likely to persist during Q2 18 – Westpac

The misses in industrial production across the Eurozone, softer than expected German factory orders and deeper slippage in ZEW surveys for both Germany and Eurozone suggest that Q1 softness, after the strength of 2017, is likely to persist during Q2 18, according to Tim Riddell, Research Analyst a ...

EUR/USD testing highs around 1.1600 ahead of US data

The pair manages to regain the vicinity of the 1.1600 handle. The greenback eases from YTD peaks beyond 95.00 the figure. US Empire State index, Industrial Production next of relevance. After testing the mid-1.1500s earlier in the session, EUR/USD has now managed to regain some traction and i ...

EUR/USD seen rangebound in the medium term – Danske Bank

The pair is viewed within the 1.15-1.21 range for the next 6 months, according to Morten Helt, Senior Analyst at Danske Bank. Key Quotes “EUR/USD ended the ECB day down close to two big figures as the new time-dependent rate guidance effectively keeps rate-hike expectations and thus eurozon ...

EUR futures: door open for deeper pullback

CME Group’s preliminary figures for EUR futures markets noted open interest rose significantly by around 32.1K contracts on Thursday vs. Wednesday’s final 606,399 contracts. In the same line, volume recorded the highest level so far this year above 910K contracts, rising almost 207 ...