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Forex Analysis.

Currency analysis list

05/03/2015

DANSKE BANK. The EUR is falling like a stone, particularly against the USD. We think this move has further legs. It appears that rising FX hedge ratios from real money investors into EUR assets are d ... [more]

05/03/2015

The USD made gains against EUR, GBP and other European currencies yesterday, while the commodity currencies held relatively better, said analysts at Lloyds Bank. This could be market positioning ahead ... [more]

04/03/2015

For EUR/USD, Eurozone PMIs are likely to have a muted market reaction, said analysts at Lloyds Bank; instead we expect USD to be the main driver. The year’s low of 1.1098 is the next focus on th ... [more]

03/03/2015

EURGBP has reached and is holding important support around .7250, with a number of technical indicators looking for a move at least back to .7410-.7475, as analysts at Lloyds Bank noted.After the Euro ... [more]

02/03/2015

DANSKE BANK. The coming week will be eventful and will, in our view, drive more USD strength, particularly against the EUR. European asset markets are performing well and foreign inflows are picking u ... [more]

02/03/2015

We start the week with European data. The EUR is already under renewed pressure, with the EURUSD back to recent range lows, analysts at Lloyds Bank alerted.More relevant comments by Lloyds Bank expert ... [more]

26/02/2015

DANSKE BANK. The GBP has performed strongly so far in February appreciating more than 3% against both the EUR and the USD. Fundamentally, the recovery remains on track in the UK and we are still optim ... [more]

26/02/2015

Having seen the USD come under pressure despite a relatively neutral tone from Yellen at her testimony to the Senate earlier this week, US data this afternoon has potential to prompt further USD weakn ... [more]

25/02/2015

Fed Chair Yellen’s testimony before the Senate yesterday prompted a general USD sell-off, according to analysts at Lloyds Bank. More so against the commodity currencies, US equities traded highe ... [more]

25/02/2015

DANSKE BANK. Relative monetary policy is back on the agenda in the global FX markets. Although Yellen’s statement in her semi-annual testimony to Congress yesterday was quite neutral, we still e ... [more]

25/02/2015

BK ASSET MANAGEMENT. The Federal Reserve is in no rush to raise interest rates according to Janet Yellen’s semi-annual testimony on the economy and monetary policy. While the central bank govern ... [more]

24/02/2015

DANSKE BANK. Focus will be on Janet Yellen's semi-annual testimony at 16:00 CET in the Banking Committee of the Senate. Following dovish minutes but hawkish comments from Fed members after the la ... [more]

24/02/2015

According to analysts at Lloyds Bank, the USD remains mixed as we head into the key event of the day, that being Fed Chair Yellen’s testimony. The EURUSD remains securely within the current rang ... [more]

23/02/2015

According to Michael Hewson, chief analyst at CMC Markets, The euro continues to find support above range support at 1.1270, with the larger key support at the 1.1205 level. Resistance remains near th ... [more]

23/02/2015

The EUR gained on Friday following the Greek debt agreement and EUR/USD bounced more than one figure from an intraday low of 1.1279 to currently around 1.1375. According to our estimation of the Greek ... [more]

20/02/2015

CMC MARKETS. EURUSD – The euro for the third day couldn’t surpass 1.1450, however it did close above the 21 day SMA. Probabilities seem evenly weighted for a challenge of either the top or ... [more]

19/02/2015

The US dollar fell after the minutes in which the Fed placed unusual emphasis on concerns over the bout of dollar strength. The minutes said that the strong dollar is “a persistent source of res ... [more]

18/02/2015

Analysts at Lloyds Bank noted: EUR/USD recovered from the lows yesterday despite Greek headlines suggesting an agreement is some way off with both sides refusing to back down.According to them, the re ... [more]

18/02/2015

Angus Campbell, Senior Analyst at FxPro said: Currency markets have been placid so far this week, in particular the euro which has been taking the negotiations between Greece and Germany in its stride ... [more]

18/02/2015

CMC MARKETS. The euro continues to be fairly well supported on dips finding support at 1.1320 earlier this week, we’ve seen a move towards 1.1450 but have still come up short of the highs this m ... [more]

18/02/2015

DANSKE BANK. Focus in FX markets remains on the SEK in the wake of last week’s Riksbank rate cut and QE announcement, which sent EUR/SEK close to 9.70 in the minutes post the decision.Since then ... [more]

17/02/2015

CMC MARKETS. After another failure above 1.1420 the EURUSD has slipped back finding support at 1.1320.While we remain above 1.1270 the risk remains for a move towards 1.1500 on a move through 1.1420. ... [more]

16/02/2015

With a US bank holiday today, there is very little on the data calendar. Instead the main focus will be on the Euro group meeting as talks between EU officials and Greece continue as they attempt to t ... [more]

16/02/2015

DANSKE BANK. IMM positioning data released on Friday revealed short-covering in the currencies with the largest notional outstanding in the report, namely EUR, JPY and GBP. This has consequently reduc ... [more]

13/02/2015

BK ASSET MANAGEMENT. While no deal was reached between the European Union and Greece at this week’s talks, euro traders were encouraged by the European Central Bank’s decision to extend an ... [more]