Tag Archives: AUD/USD
European Market Analysis
EUR/USD – settles for the time being between $1.2760/70, after recovery earlier touched a high at $1.2775. Several traders have mentioned interest to go short on approach to $1.2780, with one major investment bank adding that they see the area between $1.2770/1.2800 as the area they will add to shorts. Further resistance seen in the […]
Merkozy to meet, while the EUR continues to struggle
Before I get stuck into what the day may hold in store for us, I just wanted to note the amazing and ever increasing amount of noise present in the market at the moment. It’s always been critical to keep an eye on all global macroeconomic and political events as they unfold as they invariably […]
IMM CFTC: EUR shorts hits fresh record levels again
Investors and speculators continued to sell Euros into the new year and it has now become an issue of selling the European currency against most other currencies. Last week an additional 11.03K contracts were sold bringing the net EUR short position to a new record of -127.9k contracts, the equivalent of EUR 16 billion.
European Market Analysis
EUR/USD – traders report that an Asian sovereign sold in the region of E200mln between $1.2740/50, which helped to put an early cap on the recovery at $1.2750. Sales said to have been profit taking, Asian sovereign was a noted buyer into early Europe, with overnight USD sale interventions also noted in respective Asian currency […]
Greece back in the headlines, piling more pressure on the EUR
Weekend news added more pressure on the EUR as Asian markets opened with local Greek press reporting that the Private Sector Involvement plan (PSI) discussions were very difficult and not progressing well with rumours circulating that the International Monetary Fund is now pushing for a forced debt restructuring and an 80 percent haircut for bondholders.
Market Analysis
The EUR fell to a 16-month low of $1.2666 against the USD and a fresh 12-year low of Y97.280 against the JPY amid growing concerns over the ability of European leaders to contain Europe’s sovereign-debt crisis.
US employment report doesn’t dazzle – what now?
The US employment report was strong, but less strong than headlines and expectations had moved after yesterday’s ADP blowout. What do we focus on now after the anti-climax? The Euro couldn’t stage much of a bounce today ahead of the US employment report risk event as there were no signs of improvement among the usual […]
Asian Market Analysis
EUR/USD opened in Asia at $1.2789 having been as low as $1.2770 ahead of the NY close, amid a heavy tone following strong ADP jobs data, with investors now seemingly preferring the USD over European and emerging assets.
EURUSD: fresh lows on feeble French auction, US ADP payrolls
The Euro sell-off deepened yet again today on a feeble French bond auction and on the need for Spanish banks to bolster their capital. Then a strong US ADP report had the pair trying the 1.2800 handle for the first time in 15 months.
Fresh out of the gates, the jockeying begins!
Happy New year and welcome to 2012! As punters slowly return to their desks (your scribe included) the best way to perhaps describe this market currently is to liken it to the beginning of a horse race. As with any such race, once the steeds are sprung from the starting gates, jockeys do their best […]
EURUSD rally – now you see it, now you don’t
Yesterday’s EURUSD rally revealed that Euro shorts are rather heavy, but the on-going story continues to make it tough for the single currency to maintain any upside traction. EURGBP has hit a fresh 15-month low.
Market Analysis
EUR/USD – Stops triggered through $1.2995/90 as funds add weight, traders say, with EUR/USD extending lows to $1.2978. Reported demand at $1.2975/70 so far remain untouched. A break of $1.2970 to expose next batch of stops, which if triggered to then open a deeper move toward $1.2950.