Tag Archives: EUR
European FX Daily
– Risk rallies in Asia – China’s industrial profits fall – US durable goods orders likely weak at headline, strong at core
FX Daily Strategist: Europe
– EUR, AUD & NZD rebound but peripheral eurozone risks continue to steer the markets Broad USD strength has reversed during the Asian time zone despite ongoing concerns over Spain. The EURUSD has bounced to 1.29 while the rise in Australian jobs vacancies (+ 4.2% in August) has pushed the AUDUSD back above 1.04.
FX G10 and EM Morning Trader Views
G10 EUR (1.2889) – Super Friday looms tomorrow, but before Spain grabs the limelight we still have 24 hours to navigate through choppy waters.
FX Market Analysis
EUR: Opened early Europe at $1.2937, Euro-dollar closed in NY at $1.2905 after rate had pulled back from session highs at $1.2971 to $1.2897 as it tracked the negative reversal on Wall St, as well as reaction to anti-austerity protests in Spain.
FX G10 and EM Morning Trader Views
G10 EUR (1.2869) – seemed to be no shortage of negatives emanating out of Europe yesterday, the surprise really was in the timing of the mkt response with EUR again trading in the direction of pain.
FX Daily Strategist: Europe
– Risk-off tone likely to linger ahead of Spain event risks on Thursday and Friday The surge in US consumer confidence for the month of September failed to put an end to this modest risk-off tone dominating the markets. The price action in the market remains within a very tight range.
FX Market Analysis
EUR: Opened early Europe at $1.2937, Euro-dollar closed in NY at $1.2932, just off recovery highs of $1.2937 after rate had seen lows in this session of $1.2891.
FX G10 and EM Morning Trader Views
G10 EUR – Price action remains heavy having completed a series of six lower highs now. Support around 1.2890 is the next region to overcome and this should open a move to 1.2830 which is the 200dma and the 61.8% fib from 1.2626-1.3172 move.
FX Daily Strategist: Europe
– Political risks result in a modest risk-off tone at the beginning of the week USD strength continues to dominate as the market traded with a modest risk-off tone. The key catalysts behind the risk-off move include China-Japan tensions, uncertainty on whether Spain will seek external assistance, and a softer German IFO.
FX Market Analysis
EUR: Opened early Europe at $1.2947, Euro-dollar closed in NY Friday at $1.2980, opening Asia unchanged before edging up to mark session highs at $1.2990 in opening trade.
FX G10 and EM Morning Trader Views
G10 EUR (1.2936) – continue to pare back some of the post-QE3 gains; I see the first pocket of support coming in round 1.2906 (23.6% fib of July-Sep move).
FX Market Analysis
EUR: Opened early Europe at $1.2985, Euro-dollar closed in NY at $1.2968 after recovering off lows at $1.2920 to $1.2974. Recovery extended in early Asia with rate edging to an early high of $1.2980.