Tag Archives: EUR
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3032, Euro-dollar closed in NY Friday at $1.2986 having pivoted $1.3000 through the day within a range of $1.3029-1.2968, with month end dollar demand providing a counter against further upside gains.
European FX Daily
– China PMIs up, but slightly less than expected – Record Indonesian trade deficit – Aussie job ads lower again – Focus today on European and US PMIs and the Eurogroup meeting
CFTC: JPY overtakes EUR as most sold currency
Money managers continued to aggressively sell the JPY during the week ending November 27, despite Japan’s Liberal Democratic Party leader Abe sounding less aggressive on the Bank of Japan’s future monetary policy.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3002, Euro-dollar closed in NY at $1.2979 after recovering off a corrective pullback low of $1.2945 after pulling back from an intraday high of $1.3015 in late Europe.
FX Daily Strategist: Europe
– Fade the fiscal cliff via USD shorts; NFP could shift focus to the Fed The US dollar is likely to remain affect by US negotiations to head off the ‘fiscal cliff’. Here, good news is bad news for the USD, because of the negative correlation with risk sentiment.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.2951 Euro-dollar closed in NY at $1.2955 after rate had recovered off session lows at $1.2880 as risk gained a boost on the back of comments from US Pres.Obama and House Speaker Boehner which were seen showing a compromise possible concerning the looming Fiscal Cliff.
FX G10/EM Morning Trader Views
EUR – support at 1.2880 held perfectly yesterday as a quick headline saw waves of short covering with this showing no signs of slowing overnight.
Gold down, USD and JPY up as QE theme consolidates
Gold has gone a bit mental after the recent break higher proved a false one and the sell-off got steep today as the USD and JPY rallied – a combination that suggests the QE theme has weakened again.
Mid-Day FX Market Analysis
EUR: Opened early Europe at $1.2924, Euro-dollar closed in NY at $1.2944 after recovering off a stop driven low of $1.2915 as trade through Thursday eased away from the initial react highs of $1.3010 following Monday’s Eurogroup Greece debt action.
FX G10/EM Morning Trader Views
EUR – Mkt seem to be leaning on bids 00/10 zone with stops awaiting below the 00 – yesterday definitely a buy the rumour of greek deal sell the fact with the inability of eur and eur x’s to break through important range highs across the board leading this sell off.
FX Outlook & Trades 2013: Stronger cyclical currencies
Today we publish a slightly longer version of FXR with our general thoughts and outlook for G10, EM and Asian currencies 2013.
FX Daily Strategist: US
– Greek deal to help risk-sentiment remain supported Both the IMF and Eurozone came to an agreement to reduce Greek debt as was to be expected. While some key details are missing, eurozone banking shares are outperforming in higher volumes this morning.