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EUR-USD has settled in the mid-1.07s after recovering from the six-day low at 1.0659 that was seen yesterday. The 20-day moving average at 1.0772 marks resistance ahead of 1.0848 (Apr-17 high). Support comes in at 1.0717-20, which proved pivotal yesterday. Read more
The dollar was mixed through the N.Y. session on Tuesday, rising slightly, before falling versus the euro, staying firmer versus the yen, CAD, while losing ground to sterling. There was no data on the U.S. calendar, though slipping risk appetite saw stocks trade lower. Read more
EUR-USD tumbled on news about the ECB, which is apparently considering curbing Greek ELA if Athens fails to deliver on reforms. The euro lost over 60 pips against the dollar since London opening levels, making a low of 1.0657. EUR-JPY concurrently fell below its Monday low, making a six-day nadir of 127.45. Read more
EUR-USD has traded moderately lower over the last day, partly on general dollar strength and partly on euro underperformance (EUR-JPY and other euro crosses are lower). The low was 1.0712, and this and 1.0700 mark nearer-term support levels. Resistance is marked at 1.0751 and 1.0782 (20-day moving average). Read more
FX trade was relatively quiet in N.Y. on Monday, with the dollar meandering largely inside of narrow ranges. There was no data to drive prices, though a rebound on Wall Street following Friday's steep sell-off largely helped USD sentiment. EUR-USD traded about a 50-point range just over 1.0710, as USD-JPY rallied from just under 119.00 to highs over 119.40. Read more
The dollar traded firmer after taking a battering last week following a string of net softer U.S. data. EUR-USD dipped and tested its Friday low at 1.0734, while EUR-JPY and other euro crosses also traded heavily as markets anticipate the next Greece-versus-Eurozone policymaker showdown, which will be staged at Friday's Eurogroup meeting. Read more
The dollar is trading moderately firmer in early-week trade after taking a battering last week following a string of net softer U.S. data. EUR-USD has opened the week trading in a narrow range either side of 1.0800, a level which approximately marks the half way point of the range seen over the last six weeks. Read more
After consolidating since the beginning of March, it appeared that SPYs broke out on Wednesday. It was a false break-out. Wednesday’s daily candle was weak, with a small body and high shadow. Rather than continuing the move higher, Thursday printed a similar candle. Read more
Monthly reports for March included the Index of Leading Indicators, up slightly. The Empire State survey showed a little contraction; the Philly Fed survey, a little expansion. Wholesale inventories increased, while sales were flat. Industrial production declined significantly. Read more
The dollar rallied early in the aftermath of warmer U.S. CPI data, though with corporate earnings under some pressure this quarter, renewed Greece concerns, lower yields, and a subsequent Wall Street sell-off, the greenback soon moved generally lower again. Read more
