Tag Archives: CAD
FX G10/EM Morning Trader Views
EURUSD – A relief rally o/n in asia as the headlines said ‘deal agreed’, although still a lot to be done. I not a massive believer in the upmove and feel the spike o/n has cleaned the decks of those who faded the spike to 1.30 friday and left tight stops.
FX Daily Strategist: Europe
– EURUSD rebound above 1.300 on Cyprus’ deal; stay long EURCHF Cyprus headlines remain in focus. EUR rallied above 1.300, just shy of 1.0350, following morning headlines that “Cyprus and Troika reached an agreement in principle”.
CFTC: Cyprus news trigger EUR selling, JPY buying
The main news from last week was undoubtedly the news from Cyprus and it triggered a major round of position adjustments in the speculative positions held by money managers in IMM currency futures.
The Week Ahead in FX
The euro gained ground against the dollar as political leaders in Cyprus prepared to pass legislation to restructure the country’s banking sector and impose capital controls.
FX G10/EM Morning Trader Views
EURUSD – Cyprus still rumbling on, and not for the better, throw in weak German and French PMI’s and eurusd seems to be defying gravity by hanging around this 1.2880/1.2900 region.
FX G10/EM Morning Trader Views
EURUSD – Nasty squeeze yesterday as mkt makers and spec guys reduced their positioning in anticipation of a deal/resolution in Cyprus.
FX Daily Strategist: US
– EUR vulnerable as options for Cyprus are discussed; weakness ultimately a buying opportunity EURUSD has sustained a rebound off Tuesday’s four-month low of 1.2850 after the Cypriot parliament voted “No” to the proposed bailout plan.
FX G10/EM Morning Trader Views
EURUSD – So corporate buying strong again yesterday but the demand all filled as mkt got increasingly concerned on how things would play out in Cyprus
FX Daily Strategist: Europe
– EUR vulnerable for now but ultimately a buying opportunity EURUSD fell below 1.2850 (a four-month low) as the Cypriot parliament rejected the bank deposit levy bill but partially recovered to around 1.2890 after the ECB said it will continue providing liquidity to the banking system “as needed within the existing rules”.
FX G10/EM Morning Trader Views
EURUSD – No follow through on the move lower in Asia yesterday – some heavy corp demand stemming the downward pressure and ensuring we held well above the 1.2880 support lvl.
FX G10/EM Morning Trader Views
EURUSD – So mkt takes the Cyprus news badly very similar reaction to the Italian election result. Eurjpy in particular an ugly open, followed by eurusd
CFTC: Dollar still favored as JPY selling picks up again
Money managers were net-buyers of dollars for a third week as selling pressure on CAD, GBP and especially JPY continued.