Tag Archives: kiwi

26 June: Forecast: FX: US$/Majors

  Currencies: The US$ weakened on Friday despite upbeat housing data easing worries about a slowdown in the housing market while investors awaited a flurry of comments from Fed officials. Stronger manufacturing data from Europe combined with underperforming US manufacturing data to keep the dollar under pressure against all the major currencies. Sterling rallied after the BoE’s Haldane… Read More »

16 June: Forecast: FX: US$/Majors

  EURUSD: 1.1146 EurUsd has been under pressure as the dollar continues its recovery following the FOMC decision, assisted by today’s firm US data, with the pair finishing the session just above the Thursday lows of 1.1131. With the 4 hour/daily momentum indicators looking heavy further losses look likely, which could see a decline to 1.1100/10 and possibly… Read More »

7 June: Forecast: FX: US$/Majors

  EURUSD: 1.1279 EurUsd has been choppy while the market waits on tomorrow’s ECB Meeting. The dollar has seen broad based weakness although the Euro is also somewhat weighed down by selling of the EurJpy cross. The end result is that the pair is pretty much unchanged from this time yesterday and another sideways session would not surprise… Read More »

2 June: Forecast: FX: US$/Majors

  EURUSD: 1.1213 EurUsd traded a tight 1.1201/56 range on Thursday, weighed down by the strong ADP jobs figure which supported the dollar against all the majors into the end of the session while waiting on the outcome of Friday’s NFP figure. A neutral stance is still required although the dailies do look as if they may be… Read More »

26 May: Forecast: FX: US$/Majors

  EURUSD: 1.1210 EurUsd traded a tight 1.1193/1.1250 range on Thursday, leaving the outlook unchanged. While the dailies still look constructive, the short term momentum indicators are now mixed and it may be that Friday will be another choppy session, with little to drive direction until the US session, when the GDP and Durable Goods Orders may provide… Read More »

22 May: Forecast: FX: US$/Majors

  EURUSD: 1.1207 The EurUsd rally resumed on Friday after some brief consolidation and eventually reached the first major Fibo resistance at 1.1210 which has so fur capped further progress. The Euro was helped along by increased enthusiasm over the EU economic outlook, and with the daily charts still pointing higher further gains look possible in the days… Read More »

11 May: Forecast: FX: US$/Majors

  EURUSD: 1.0866 EurUsd has traded a tight 1.0852/99 range on Wednesday, leaving the outlook unchanged. The 4 hour/daily momentum indicators still both look negative and suggest that we are going to see further downside pressure in the days ahead. If so, once back below 1.0850, the 200 DMA (1.0825) will provide some support although below there would… Read More »

2 May: Forecast: FX: US$/Majors

  EURUSD: 1.0903 EurUsd has had an uninspiring inside day on Tuesday, leaving the outlook unchanged. Technically, further choppy trade appears likely, but possibly with a slight upside bias, which should to continue to underpin the Euro in the next couple of days. The initial resistance will now be seen at around 1.2925 and then again at the… Read More »