Tag Archives: EUR
European FX Daily
Asian equities down slightly, FX sideways in thin trading – Japan’s trade data disappoint again – Data heavy week ahead
CFTC: EUR buying resumed; The other currency futures were sold
Hedge funds and other large traders made only small adjustments to their IMM currency futures positions during the week ending October 16.
FX Market Analysis
EUR: Opened early Europe at $1.3068, Dollar demand into the Tokyo fix weighed on the pair in Asian trade, the rate slipped to $1.3058 and a re-test of yesterday’s spike low.
G10/EM Morning Trader Views
EUR – So 1.3130/40 resistance remains intact despite another attempt yesterday in ldn to breach. An o/n NY wobble on some early reported goggle results enough to clean some weak long positioning below 1.3075 but still not much follow through with 1.3055 the low.
European FX Daily
– EU summit signaled support for Greece, but gave little clarification on ESM’s direct bank recap – EURUSD held above 1.30, Asian currencies fell – We recommend buying 3m GBPCHF call spreads, and selling NZD against an equally weighted basket of AUD and GBP
FX Market Analysis
EUR: Opened early Europe at $1.3105, Euro-dollar had a slow grind throughout Asia and slipped on cross sales ahead of the Tokyo fix to $1.3105, rate extended losses on hot money supply and flushed light stops through $1.3100 to print lows of $1.3088.
FX Market Analysis
EUR: Opened early Europe at $1.3090, Euro-dollar spiked higher after the New York close, boosted by news that ratings agency Moody’s was maintaining Spanish rating, although assigning a negative outlook.
FX G10/EM Morning Trader Views
EUR – Nice hold above the break of 1.2990/1.3000 and while we didnt break that 1.3070 resistance first off we held nicely on the dip to 1.3000/20 breaking at the second ateempt as moody’s reaffirmed spains rating
FX Market Analysis
EUR: Opened early Europe at $1.2974, Euro-dollar ground lower in early Asian trade to $1.2942 before meeting demand in the dip, the pair extended gains and rallied to $1.2976 on hopes Spain could soon request a bailout.
FX G10/EM Morning Trader Views
EUR – Remain long looking for a break at the top end of the recent range (1.2800-1.2990/1.30) a break I expect to yield 1.3050/70 before backing off again
European FX Daily
– Asian stocks and currencies gained – NZ inflation surprised weak – Likely modest improvement in German Zew
FX Market Analysis
EUR: Opened in early Europe at $1.2910, Euro-dollar nudged higher on the Asian open touching $1.2962, before supply from a US name pressed lower.