Tag Archives: EUR
FX Market Analysis
GBP: Opened early Europe at $1.5902, stg0.7926, GBP closed in NY at $1.5902 having pulled back from a session high of $1.5934. Rate was squeezed to an extended low of $1.5892 as rate took direction from euro-dollar, which in turn reacted to the Aussie sell off following release of Australian jobs data.
FX G10 and EM Morning Trader Views
G10 EUR – ECB day has arrived, although much was leaked yesterday afternoon sending the eur a quick 100 pips higher. Eur x’s big beneficiaries from the sterilisation and also from the talk on seniority –
ECB unveils plans – squeezing Eur shorts again, even against CHF
The Euro squeezed higher as ECB officials communicated the ECB’s plans to buy peripheral debt. But is this as positive for the Euro as the market is trying to tell us at first blush?
FX Market Analysis
GBP: Opened early Europe at $1.5862, stg0.7903, GBP closed in NY at $1.5872 after rate had eased off session highs of $1.5910, seen after a stronger than expected early release of UK services PMI data (was due to be released this morning).
Americas FX Daily
EUR still well supported ahead of key month What happened overnight – RBA leaves policy unchanged – Moody’s cuts outlook for ratings on EU issuance – Swiss GDP weaker than expected
FX Daily Strategist: US
– Long EUR beyond any short-term disappointment from ECB Sep 6 The short end of euro area bond markets have rallied (both Spain and Italy 3Y -30bps) in response to reported comments from ECB Draghi that sovereign debt purchases of up to three years would not be state financing helped markets further.
FX Market Analysis
GBP: Opened early Europe at $1.5885, stg0.7936, GBP opened in Asia at $1.5885 and ground lower before dip demand recovered and settled in a tight range.
Asia today: No change RBA; Statement a tad more upbeat than exp
After the flurry of PMI data yesterday, Asia switched to central bank mode with the RBA announcement the key item on the agenda. The RBA left rates unchanged at 3.5 percent, as expected, though the economy is running close to trend. It noted that previous rate cuts are still working their way through to the […]
FX Market Analysis
GBP: Opened early Europe at $1.5872, stg0.7921, GBP opened in Asia at $1.5875 and ground lower in tandem with euro-dollar to print $1.5850, later recovering on dip demand as traders reported of thin volumes.
FX G10 and EM Morning Trader Views
G10 EUR – Big week for the euro with lots expected of the ECB on Thursday – A new high at 1.2637 Friday cleared a few more shorts out of the mkt but we struggled to sustain that move, backed up by the rally in Spanish 10 yr yields on Friday back towards 7%.
CFTC: EUR short reduced as dollar selling continued
Speculative traders in IMM currency futures continued to sell dollars ahead of Jackson Hole last Friday. The data covering the week ending August 28 showed an aggregate dollar short position of USD 5 billion with most of the selling occuring against the EUR and to a lesser extent the JPY and CAD.
FX Market Analysis
GBP: Opened early Europe at $1.5823, stg0.7923, GBP closed in NY at $1.5786, after rate had been pressured to lows of $1.5772 following the earlier rejection from $1.5875.