Tag Archives: NZD$

3 May: Forecast: FX: US$/Majors

  EURUSD: 1.0929 EurUsd has had another rangebound session, rising slowly from the lows to the highs, where it currently sits at 1.0925. Technically, further choppy trade appears likely but possibly with a slight upside bias, which may continue to underpin the Euro in the next couple of days although the FOMC statement will decide the direction from… 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 »

18 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0645 The Euro has traded within a tight 1.0602/1.0670 range, in thin conditions, on Monday, having been choppy and without too much direction over the Easter break. Technically, while the dailies remain very mildly negative, the short term momentum indicators are neutral and hint that we may be in for further choppy trade ahead, possibly largely… Read More »

12 Apr: Forecast: FX: US$/Majors

  Reports this week will go through to Wednesday and recommence next Tuesday. EURUSD: 1.0605 Having reached a low of 1.0578 on Tuesday, the Euro has recovered, mildly, following a combination of a stronger than expected ZEW, some uninspiring comments from Janet Yellen at the end of the previous session and a slightly softer US$, as traders moved… Read More »

6 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0664 EurUsd has had a choppy but rangebound session, while waiting on the Trump/Xi meeting, due later today, leaving the outlook unchanged. Although it may remain rangebound ahead of the Trump/Xi showdown, the dailies are still pointing lower and if we break below the 1.0635 lows, where we now have a minor double bottom, and the… Read More »