Category: EUR/USD Daily

EUR/USD: An Uneasy Calm – Credit Suisse



What’s next for EUR/USD after the recent developments in Greece and Yellen’s upbeat testimony?

The team at Credit Suisse explains the uneasy calm:

Here is their view, courtesy of eFXnews:

“A week ago, markets were braced for an imminent Greek exit from the euro area and the possibility of ongoing financial turbulence in China. Neither has materialized. Consequently, risk appetite has surged.

Fed Chair Yellen’s semi-annual testimony to Congress may not have lit the touchpaper to rates markets. But she was clear: if US economic data continue to run in their recent vein, the Fed will have begun tightening by the end of the year.

We agree with Fed Chair Yellen that the overall US recovery is strengthening, with the outlook for consumer spending underpinned by an expanding and tightening labor market and improving credit trends. Therefore, we continue to expect a September 17 rate hike, and, although they would never say it officially, we believe policymakers on the FOMC expect the same.

5 day surge in global risk appetite July 2015

Our theme of monetary policy divergence is re-emerging. Markets should shift from trading tail risks around Greek headlines and deadlines to focusing on central bank policy action in coming months. That’ll mean economic data and central bank rhetoric move back to center stage.

We continue to forecast EURUSD at 1.05 in 3 months and 0.98 in 12 months. Diverging monetary policy between the ECB and the Fed is one of the main reasons for our bearish view.Yet we believe there are also other bearish drivers at play, which go beyond solely what the Fed does in coming months.”

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EUR/USD: Breakout Or Not? – Nomura, Barclays, SocGen

EUR/USD: Breakout Or Not? – Nomura, Barclays, SocGen

EUR/USD lost the 1.0915 level, but is still holding above the May low of 1.0820. What does this mean? Here are views from three banks: Here is their view, courtesy of eFXnews: As EUR/USD is drifting lower, technical strategy teams at Nomura, Barclays Capital, and SocGen provide their views on whether this move constitutes a breakout [&hellip

USD Taking Corrective Pause, Looking At EURUSD & USDJPY – Elliott Wave Analysis

USD Taking Corrective Pause, Looking At EURUSD & USDJPY – Elliott Wave Analysis

Markets are slow, not moving much today. However, we suspect they will start rumbling later today when we have CAD and US CPI figures and also US Building Permits. Generally speaking, we see the USD in a stronger position than other currencies, so any moves against the buck are likely only temporary corrections. On EURUSD [&hellip

No Relief For EUR; Path Clear For Selloff – Morgan Stanley

No Relief For EUR; Path Clear For Selloff – Morgan Stanley

The euro could not recover on Draghi’s press conference and despite some calm in the Greek crisis. What’s next for EUR/USD Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: The performance of the EUR over the past week is another good example of how the removal of a major risk [&hellip

EUR/USD: Back Under Pressure; Range & Outlook – BTMU

EUR/USD: Back Under Pressure; Range & Outlook – BTMU

EUR/USD has slipped to lower ground despite some relief from the Greek crisis. What’s next? The team at BTMU has a clear bias: Here is their view, courtesy of eFXnews: The following is EUR/USD range and outlook for next week as provided by Bank of Tokyo-Mitsubishi UFJ (BTMU). EUR/USD – BEARISH BIAS – (1.0650-1.1150). The [&hellip

ECB Meeting Coverage – The Highlights

ECB Meeting Coverage – The Highlights

The ECB decided to raise the ELA for Greece and Mario Draghi also said some debt relief is needed. We have seen some moves on the euro and other currencies. Valeria Bednarik, Dale Pinkert, Mauricio Carrillo and I covered the event live talking about Draghi’s moves and also Greece, including a discussion about the chance of [&hellip

EUR/USD: ‘To Laugh Or To Cry’ – 4 Points on Price Action – Credit Suisse

EUR/USD: ‘To Laugh Or To Cry’ – 4 Points on Price Action – Credit Suisse

Euro/dollar hasn’t always reacted in the most predictable way to economic and political developments. What’s going on? The team at Credit Suisse tries to explain and forecast the next move of the pair: Here is their view, courtesy of eFXnews: In its weekly FX note to clients, Credit Suisse explains the current EUR price action outlining [&hellip

Greek crisis – all the updates in one place

Greek crisis – all the updates in one place

The crisis in Greece has entered a new and extreme level, with the recent break up of talks and with the potential of Greece exiting the euro-zone, a move dubbed for years as “Grexit” and more recently “Grexident”. What is the background? What is going on right now? What are analysts saying? How will this affect the value [&hellip

EUR/USD: Make Or Break; Levels & Targets – Citi

EUR/USD: Make Or Break; Levels & Targets – Citi

EUR/USD turned down after the announcement of the aGreekment. And what’s next? The team at Citi looks at the charts: Here is their view, courtesy of eFXnews: After the low in EUR/USD was posted at 1.0458 in March of this year we have seen a move higher that has looked corrective in nature (Much slower rally [&hellip

Optimism in Athens, Pessimism Elsewhere – EUR/USD off the highs

Optimism in Athens, Pessimism Elsewhere – EUR/USD off the highs

A team of French technocrats is in Athens, helping the government bring about a plan that has a better chances of being accepted. This is creating optimism in Athens to reach a deal by Sunday. After sending a general letter requesting a 3 year ESM program, Greece has to submit a detailed program today, that will be [&hellip

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