Tag Archives: NZD$

13 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0674 The Euro headed sharply higher on Friday, reaching a high of 1.0698 following the combination of below-par US hourly-earnings figures and the Bloomberg headline hinting at the possibility of higher rates in the EU before the end of the QE programme. The near term momentum indicators now look as though they have the legs for… Read More »

10 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0589 The Euro has been volatile but has again held on above the recent 1.0525 pivot, spiking to as high as 1.0615 following the ECB decision, before settling at 1.0585. The momentum indicators still look pretty neutral following the ECB decision and a cautious stance is again required ahead of today’s NFP release, although I prefer… Read More »

8 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0571 EurUsd has had a tight 50 point range on Tuesday (1.0558/1.0602), leaving the outlook unchanged. The momentum indicators still look pretty neutral and a cautious stance is required for the coming session. On the downside, back below 1.0550 could retest the 1.0500 area, but which appears unlikely to be broken today unless the ADP Jobs… Read More »