Tag Archives: EUR
European FX Daily
– Chinese retail and industrial production strong, exports weak in November – Central Bank of Russia likely on hold – Turkish GDP to surprise strong
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.2958, Euro-dollar closed in NY at $1.2966 after the rate came under pressure on reaction to dovish comments from ECB Draghi at the ECB press conference, followed by Italian political wobbles, which saw rate pressed to a low of $1.2950.
FX G10/EM Morning Trader Views
EUR – Mkt caught offside with Draghi’s downgrading of growth/inflation forecasts yesterday and as we took out support at 1.3010/25 we dragged more people in – lev, rm and spec all hitting eur and eur x’s
European FX Daily
– German IP likely to rise – Hurricane Sandy likely depressed US payroll growth to 70k – But Canadian employment is expected to be strong
FX Daily Strategist: US
– ECB unlikely to derail positive EUR sentiment The positive euro sentiment in place since early November has been reduced slightly; some key EUR crosses are sitting on key support at this time (e.g. EURGBP just above 0.8110/12, EURUSD above 1.3035, channel base from mid-November).
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3058, Euro-dollar closed in NY at $1.3072 after easing away from a late recovery high of $1.3090, the rate giving back most of its recovery gains from early NY lows of $1.3060 into the close.
FX G10/EM Morning Trader Views
EUR – ECB day has arrived and we have moved back into the range after a failure at that 1.3140 oct highs yesterday.
European FX Daily
– RBNZ on hold but more hawkish than expected – No change from ECB and BoE expected today – We recommend buying 6m USDBRL puts financed by selling 3m double one-touch
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3108, Euro-dollar closed in NY at $1.3092 after fading away from a late recovery high of $1.3108 with corrective dips noticeably continuing to draw willing buyers.
FX G10/EM Morning Trader Views
EUR – Yesterday tough to be long with the orderbook so skewed to selling between 1.3080-1.3130 however we walk in today with the orders all filled or gone to mkt leaving the orderbook topside much lighter.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3054, Euro-dollar closed in NY at $1.3054 after rate had pulled back from a late session high at $1.3076.
FX G10 and EM Morning Trader Views
EUR – Holding nicely above the 1.3025/1.3045 resistance zone without really pushing on. Yesterdays break of 1.3050 resulted in a wave of profit taking from rm/lev and spec so it will be interesting to see how we respond today.