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EUR/USD takes a breather above 1.3400

EURUSD chart

The EUR/USD has only traded within a narrow range Monday, taking a breather above the 1.3400 level following 2 weeks of losses. Divergent ECB and Fed policies along with softening economic data from the Eurozone are taking their toll...

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The EUR/USD is posting meagre gains at the beginning of the week, amidst absence of data in the euro area.

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USD/JPY steady as the proverbial rock

Up at 101.86 from the 101.78 which greeted me. The US benchmark treasury yield has crept up to 2.491% from the 2.467% I noticed late Friday.

European stocks open the week higher

European stocks opened a tad firmer Monday, following 2 weeks of gains, as investors gear up for a week loaded with economic events.

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EUR slides limited, GBP to extend consolidative range

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.3389 1.3435 1.3270
GBPUSD 1.6965 1.7021 1.6970
USDJPY 101.86 102.25 103.82
USDCHF 0.9064 0.9059 0.9198
AUDUSD 0.9357 0.9280 0.9171
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.0794 1.0803 1.0942
NZDUSD 0.8539 0.8601 0.8521
GBPJPY 172.65 173.83 175.71
EURJPY 136.62 137.10 138.30
EURGBP 0.7876 0.7843 0.7793

EUR/USD downside limited by critical 1.3000: bears may be in charge, but sentiment is not enough to start thinking of a stronger long term slide.

GBP/USD bulls’ hopes lost: Pound sub 1.70 against the greenback, fueled bearish potential for GBP/USD seen mostly under pressure for t the upcoming month.

USD/JPY bulls still dominating the pair: pressure eased over the USD/JPY, with bulls again been a strong majority in the short and longer view.

AUD/USD red, red and more red ahead: despite its latest strength, market players are sitting in the selling side of the pair, seeing levels of 0.90 and below for next quarter.

EUR/JPY probable bottom underway: the EUR/JPY is expected to maintain the range next week, but return north afterwards.

Analysis

Trader’s eye on majors, short term

Valeria BednarikValeria Bednarik – Majors’ steady ahead of critical US data later this week. EUR and GBP flirting with critical supports.


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Official Interest Rates

US: 0.25% EMU: 0.15% UK: 0.5% JP: 0.1% CH: 0% CA: 1% AU: 2.5% NZ: 3.5%

Spreads

Broker EUR/USD GBP/USD USD/JPY

0.8

1.4

0.8

0.9

0.9

0.9

1.6

2.8

2

1.7

1.9

1.3

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Current Trading Positions

EURUSD Order Entry SL TP
Danske Bank A/S SELL LMT @1.3500 1.3701 1.3249
USDJPY Order Entry SL TP
EWM Interactive SELL LI ≈101.80 - 101.00
GBPUSD Order Entry SL TP
Swissquote Bank SA BUY STP @1.7008 1.6943 1.7167
NZDUSD Order Entry SL TP
JarrattDavis.com BUY LI >0.8400 - -

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Most Traded Pairs


Pair Price Hour Day Week Month
GBPUSD 1.6995 0.05 0.08 -0.47 -0.25
USDCHF 0.9043 0.01 -0.03 0.70 1.53
AUDUSD 0.9412 0.02 0.15 0.41 -0.13
USDJPY 101.79 -0.01 0.02 0.39 0.37
EURUSD 1.3434 -0.02 0.01 -0.67 -1.58

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