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EUR/USD2014-04-25 06:29 UTC

We continue to favour the downside in EUR-USD, partly as the ECB is desirous of a weaker euro, while. Technically, also, the rally from last's July 1.2042 low to the early March peak of 1.3966 is waning. momentum indicators (particularly apparent on the weekly chart, where there is a strong divergence between underlying momentum and price trend). Resistance is marked at 1.3850-55, support at 1.3785 and 1.3765. . Read More 

XE Market Analysis

  • North American Edition2014-04-24 11:41 UTC

    The euro rose on a strong German Ifo business sentiment reading only to be knocked lower by ECB Draghi's hammer, which took the form of a warning that a worsening inflation outlook would be a trigger for QE. EUR-USD dropped back to near net unchanged levels around 1.3820 after peaking at 1.3343 in the immediate wake of the Ifo release. Elsewhere, USD-JPY continued to oscillate around 102.50, and sterling failed to react to a stronger than expected CBI ... Read More 

  • European Edition2014-04-25 06:29 UTC

    It has been a quiet session in pre-European Asian trade, partly due to Australian and New Zealand being closed for the ANZAC Day public holiday. USD-JPY continued to gently oscillate in the low-to-mid 102s, EUR-USD flat-lined around 1.3830-35, and AUD-USD edged modestly higher, to the 0.9275-80 area. Japan's March CPI data had little bearing on markets, coming in at 1.6% y/y, matching the median forecast. Read More 

  • Asian Edition2014-04-24 17:35 UTC

    The dollar reacted to rumors of an "emergency" press conference from Putin, taking the greenback higher versus the euro and lower against the yen. Yields dipped, and equities sold off as well, though after a denial of such a presser, markets reversed themselves to a degree. EUR-USD traded into 1.3790 before bouncing back over 1.3830, while USD-JPY tumbled to one-week lows of 102.09 before edging back over 102.35. U.S. data had little impact, which ... Read More 

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