Tag Archives: EUR
FX G10 and EM Morning Trader Views
G10 EUR – Dips remain shallow barring 1 crazy sell off pre the esm vote in Germany yesterday down to 1.2815 – We go into the FOMC today against some pivotal resistance lvls at 1.2950/80/1.30 a break and close above 1.3050 would create further pain for the remaining shorts however its unlikely we see that […]
FX Market Analysis
GBP: Opened early Europe at $1.6075, stg0.8007, Cable closed in NY at $1.6073 after rate eased off highs at $1.6085 to $1.6067. Rate eased to retest that NY pullback low but again found support here.
European FX Daily
– Risk currencies and equity rallied – Japan machine orders better than expected – SGDNEER bandwidth may be narrower than we previously estimated What to watch for today EUR: Court ruling. The German constitutional court ruling today will be the main focus. The court will start reading the decision at 9:00 BST and will post […]
Asia FX Rundown
News and markets The USD was weak across the board yesterday after the Moody’s comments, and EUR AUD and JPY all took out stops on the other side of important chart levels.
Americas FX Daily
USD weaker ahead of Fed and court ruling What happened overnight – German court confirms ESM decision to be released Wednesday – UK reports better-than-expected trade data
FX Market Analysis
GBP: Opened early Europe at $1.6008, stg0.7977, GBP closed in NY at $1.5989 after rate had seen an impressive bounce off $1.5960 lows to $1.6018, the rate then pulling back to $1.5985 into the close.
FX G10 and EM Morning Trader Views
G10 EUR – Consolidation continues as the market awaits the next clues from FED and news from the German court ruling on the Euro rescue fund tomorrow. 1.2800 ish is setting up short term trend resistance from the recent high.
FX Market Analysis
GBP: Opened early Europe at $1.5990, stg0.7993, GBP closed in NY Friday at $1.6010, the rate having been pressured to a high in this session of $1.6034 as the dollar was sold across the board following the release of weaker than forecast US NFP data (increasing speculation that this week’s FOMC may favour QE3).
FX G10 and EM Morning Trader Views
G10 EUR – Impressive price action post payrolls Friday, the sell off couldn’t get back below 1.2700 and the close above 1.2750 (range highs) suggests that mkt moved towards qe3 and is taking back further medium term shorts
FX Market Analysis
GBP: Opened early Europe at $1.5935, stg0.7929, GBP closed in NY at $1.5935 after correcting back from NY session highs of $1.5943.
Asia today: It’s risk on in Asia after ECB’s bond plan unveiled
The final piece of the Australian data jigsaw fell in to place today with the release of July’s trade report.
Americas FX Daily
A bid for risk ahead of the ECB meeting What happened overnight – Riksbank surprises market with a 25bp cut to 1.25% – Australia reports 8.8K decline in employment in August – Bank Negara Malaysia left rates and guidance unchanged – Bank of England left rates and asset purchases unchanged