Tag Archives: EUR
FX G10/EM Morning Trader Views
EUR – Another fail on the topside at 1.34 and comments by Junker regarding the strength of the eur ruined the uptrend in the short term yesterday as we broke 1.3300/10 support
FX Daily Strategist: Asia
– EUR rally intact despite Juncker’s comments; stay long EURCHF and EURSEK EURUSD came under some pressure after comments from the Luxemburg PM Jean-Claude Juncker (Chair of the group of eurozone finance ministers, but stepping down at the end of January)
European FX
The FX markets are generally staying in corrective mode today and Euro retreats from recent rally on concern on Germany’s economy.
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.3382, off rate’s late recovery high of $1.3395 after it had seen a sell off to $1.3336 earlier in the session as markets adjusted positions ahead of Monday evening’s Fed Bernanke speech.
FX G10/EM Morning Trader Views
EUR – Well a second fail at 1.3400 zone o/n as eurjpy/usdjpy profit taking hits us back off the highs.
FX Daily Strategist: US
– EUR-crosses surge with EURCHF breaking out EURUSD (and EUR-crosses more broadly) have continued to remain strongly supported following from last week’s bullish catalyst coming from the ECB.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3343, after rate had been pressured to a session high of $1.3366 on reaction to the wider than forecast US trade deficit.
CFTC: EUR net position back in negative just ahead of rally
Currency traders, such as hedge funds and other large money managers, went net-short the EUR during the week ending January 8 according to the latest data from the CFTC.
FX G10/EM Morning Trader Views
EUR – Strong demand continues for eur and eur x’s with eurjpy and eurchf the standout movers o/n, helping drag eurusd to a high of 1.3404.
European FX Daily
– EURUSD touched 1.34 – India’s WPI inflation weaker than expected, supportive of rate cuts – US data this week to show improve growth momentum
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3262 after ECB Draghi hawkish comments at the ECB meeting press conference spiked rate to a high of $1.3273 from pre comment levels of $1.3114.
FX G10/EM Morning Trader Views
EUR – So draghi much more upbeat than the last meeting and in no way signals rate cuts and eur and eur x’s snap back hard – Eurusd now feels like its caught up to aud, nzd and cad against the usd in the general risk senario.