Forex today: yields at four-year highs, dollar firmed up on 91 handle

Forex today was lacking data from both the European and US sessions and was less volatile while traders await the outcome of the ECB on Thursday. The dollar was bid on the basis that US yields climbed higher in both the twos and tens and focus remained on US stocks once again.  The DXY trade ...

EUR/USD continues to slide, 1.2150 on deck as ECB rate decision looms

Euro tumbles once again after faking a potential recovery. Rising bond yields are continuing to bolster the Greenback, which is crushing in the broader FX market. An increasingly-dovish ECB on-deck for Thursday could help or hinder the Euro. The EUR/USD is continuing to fall, currentl ...

EUR/USD seen at 1.28 in 12M on ECB – Danske Bank

A slide within the 1.21-1.26 range could be seen near term but a firm break higher on ECB will constitute the next big move in the pair, according to analysts at Danske Bank. They see EUR/USD at 1.23 in 3M, 1.25 in 6M, and 1.28 in 12M. Key Quotes:  “Eurozone growth momentum has worn of ...

EUR/USD: bears in control below 100-D SMA ahead of ECB Thurs

EUR/USD: bears getting stuck in ahead of the ECB tomorrow, what will be the outcome? EUR/USD testing the lowest levels for some time, penetrating the rising 100-D SMA. EUR/USD has fallen below the 100-D SMA in an extension below the rising support line from the start of Feb and early Apri ...

EUR/USD looks to extend the rebound from 1.2170

The pair is attempting prolong the bounce off fresh lows near 1.2170. The 1.2165/55 band emerges now as the next relevant support area. Higher greenback and yields keep fuelling the pair’s downside. The continuation of the up move in the greenback continues to weigh on EUR/USD today ...

EUR/USD neutral bearish, supported at 1.2045/1.2145 – Scotiabank

FX Strategists at Scotiabank sees the pair within a neutral/bearish stance, noting that support is expected to arise in the 1.2045/1.2145 band in the short term. Key Quotes “EURUSD remains soft, near yesterday’s low and towards the lower reaches of the wider trading band in place sinc ...

EUR/USD fragile, finds support near 1.2190

The pair bottoming out near 1.2190, where some buyers appeared. US 10-year yields keep the trade above the 3.0% handle. US yields, risk sentiment to drive global markets. The demand for the shared currency remains subdued on Wednesday and is now taking EUR/USD to the 1.2200 neighbourhood ...

EUR/USD still focused on 1.2153 – UOB

FX Strategists at UOB Group suggested the pair’s attention should remain on the mid-1.2100s in the near term. Key Quotes 24-hour view: “We expected further EUR weakness yesterday but were of the view that the major 1.2155 level is likely out of reach. In line with expectation, EU ...

EUR/USD negative below 1.2415 – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair’s outlook should remain negative while below 1.2415. Key Quotes “EUR/USD has recently eroded its 2017-2018 uptrend and the base of the short term triangle, this is negative price action. W ...

EUR futures: rallies remain tepid

In light of advanced figures for EUR futures markets from CME Group, investors scaled back their open interest positions by almost 6.7K contracts on Tuesday from Monday’s final 501,512 contracts. In the same line, volume dropped for the second session in a row, this time by around 12.4 ...

EUR/USD weakens and re-visits 1.2200

The pair gives away initial gains and challenges 1.2200. USD better bid approaches the key 91.00 handle. Risk trends, US yields to drive sentiment amidst empty docket. The now better tone around the greenback is now forcing EUR/USD to recede to the area of daily lows and re-visit the critica ...

EUR/USD: Pennant breakdown confirmed, but multi-week range still intact

Bears on the front foot as the EUR/USD sees a downside break of the pennant pattern.  The multi-week trading range of 1.2150-1.2550 is still intact.  The EUR/USD pair closed at 1.2208 on Monday, signaling a downside break of the bullish pennant pattern and despite the positiv ...

EUR/USD risk reversals hit lowest since March 1, show EUR puts in demand

Risk reversals show increased demand for the EUR puts (bearish bets) The EUR/USD one-month 25 delta risk reversals (XAU1MRR) fell to -0.375 today - the lowest level since March 1, indicating an increase in the implied volatility premium for the EUR puts.  The risk reversals had turne ...