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EUR/USD2014-10-30 18:21 UTC

EUR-USD had been on the rise through the morning session, though later into resistance in the mid-1.2620s, which marked Wednesday's post-FOMC N.Y. low. Option backed offers are said to be layered into 1.2650 now, while model funds are rumored to be adding to existing shorts over 1.2600, in preparation for a test of 1.2500 in the coming sessions. Divergent Fed/ECB policy paths should keep the euro in sell the rally mode. Read More 

XE Market Analysis

  • North American Edition2014-10-30 10:57 UTC

    The dollar extended post-FOMC gains before recouping some lost ground. EUR-USD made a three week low of 1.2555 before recovering. The high so far has been 1.2593, which was seen following upside Eurozone data surprises, which still leaves the euro about 45 pips down on yesterday's New York closing level. Eurozone ESI economic confidence unexpectedly rose to a reading of 100.7 in October from September's 99.9, and German jobs data were also above ... Read More 

  • European Edition2014-10-30 07:46 UTC

    The dollar extended post-FOMC gains in pre-European trade in Asia. The Fed, to recap, wound down QE3 on schedule and maintained the "considerable time" reference for low rates, but acknowledged the improvement in the labour market -- a mix that has left the markets with an upbeat but slightly more hawkish impression of the Fed's view. EUR-USD clocked a three-week low of 1.2586, which is some 150 pips below pre-FOMC announcement levels to bring the Oct-3 ... Read More 

  • Asian Edition2014-10-30 18:21 UTC

    The dollar rallied momentarily after the better U.S. Q3 GDP report, though quickly lost ground from there, as profit taking set in. The greenback's post-FOMC rally on Wednesday ran its course, as the market took advantage of the early rally to sell into. EUR-USD slipped to nearly one-month lows under 1.2950 on the data, before rallying to 1.2630 highs. USD-JPY meanwhile, touched 109.36 highs, though quickly edged back under 109, to hit 108.80 lows. Read More 

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