Tag Archives: EUR
FX Market Analysis
EUR: Opened in early Europe at $1.2923, recovery attempts around the NY close continued into Asia, extending to $1.2924 before getting knocked back to $1.2910, but the dip quickly attracted fresh demand that saw rate edging toward resistance in the $1.2930/40 area.
FX G10/EM Morning Trader Views
EUR – Another day of chopping/consolidation stuck 30 pips either side of 1.29 – My view remains unchanged with a bias to the topside – I remain long looking for an eventual break of 1.2970/1.30 to confirm the recent selling pressure is over and we again target a deeper squeeze.
European FX Daily
– We expect the ECB and BoE to keep policies unchanged today – Watch FOMC minutes for any guidance of easing criteria – Revised our USDINR three- and 12-month forecasts lower to 50.5 and 50.0
FX Market Analysis
EUR: Opened early Europe at $1.2902, Euro-dollar closed in NY at $1.2917 after correcting off a session high of $1.2968 as market reacted to comments from Spain’s Rajoy that a request for aid was not imminent.
FX Market Analysis
EUR: Opened early Europe at $1.2900, Euro-dollar closed in NY at $1.2886 after rate had seen extended highs of $1.29395, off earlier Asian lows of $1.2804, with rate edging off initial pullback lows of $1.2877 into the close.
FX G10 and EM Morning Trader Views
EUR – Stable o/n holding 1.2875/80 (yesterdays dip lows) supporting by some decent demand from custodials and euraud buying from spec and lev
FX Market Analysis
EUR: Opened early Europe at $1.2822, Euro-dollar closed in NY Friday at $1.2860 after rate had been pressed down from $1.2940 to $1.2838 on end month fix flows. Slow start into Asia with China, HK, Korea and Australia closed.
FX G10 and EM Morning Trader Views
G10 EUR – Eur rallies continue to be sold and Friday was no different – we topped at 1.2960 after a woefully weak attempt at breaking that 1.2970 lvl that defines this recent downtrend –
FX Daily Strategist: Europe
– Markets sluggish on Chinese PMI; AUD heavy on crosses Markets are sluggish in holiday-thinned Asian markets today with Chinese data yet again disappointing. The official NBS PMI came in contractionary territory for the second straight month (the first consecutive sequence since 2009) and following the weekend HSBC PMI (contracted 11th month).
European FX Daily
China PMI weaker than expected in September, but still up from August – Another disappointing Tankan – Focus on European and US PMI today
FX Market Analysis
EUR: Opened early Europe at $1.2933, Euro-dollar closed in NY at $1.2915 after rate had bounced from initial Spain Budget react lows of $1.2829 to $1.2928 as market perceived that the austerity measures announced would leave open the door to Spain asking for bond buy aid from the ECB without further austerity requirements.
FX Market Analysis
EUR: Opened early Europe at $1.2880, Euro-dollar closed in NY at $1.2873 after recovering through the session from a low of $1.2835 into a late high of $1.2875.