Tag Archives: EUR
European FX Daily
*Fed minutes drive equities stronger and the USD weaker * China flash PMI weakened in August
FX Daily Strategist: US
*Political events in Europe to further restore confidence in the EUR The EUR has held onto Tuesday’s rebound but is currently struggling to break above a key technical resistance level at 1.2478 (the 61.8% Fibonacci Retracement level).
FX Market Analysis
GBP: Opened early Europe at $1.5790, stg0.7896, GBP closed in NY at $1.5783, after recovering off pullback lows of $1.5773, seen after rate had pulled back from extended highs of $1.5805 (this move taking out barrier interest at $1.5800).
FX Market Analysis
GBP: Opened early Europe at $1.5725, stg0.7860, GBP closed in NY at $1.5711, having recovered off NY lows of $1.5683 (saw $1.5678 earlier in Asia).
European FX Daily
* Stronger equities and a weaker USD in Asian trading * RBA minutes solidly in line with the monetary policy statement * Spain to sell bills today
Americas FX Daily
Risky assets open the week on a light bid What happened overnight * Spiegel reports ECB is considering imposing cap on Spanish yields * WSJ reports Spain seeks ECB commitment to unlimited bond purchases
CFTC: AUD gross long in new record; Aggregate dollar long drops
Money managers and other speculative traders continued to reduce their long dollar positions during the week ending August 14. The aggregate dollar position versus the eight IMM currency futures which we track in this report dropped to USD 4.6 billion, which is the lowest level in 11 months.
European FX Daily
* Asia FX in tight ranges * Flash PMIs key on the calendar in the euro zone this week * In the US, durable goods orders and FOMC minutes in focus
FX Market Analysis
GBP: Opened early Europe at $1.5695, stg0.7857, GBP closed in NY at $1.5697 after recovering from a session low of $1.5674, the rate having seen highs earlier in the day of $1.5728.
EUR Analysis
Opened in early Europe at $1.2278, closed in NY at $1.2288, after recovering off lows at $1.2264. Following an initial dip to $1.2282 into early Asia, the rate pushed higher as early Tokyo bought euro-yen, the rate able to break above the NY high at $1.2294 and extend recovery to $1.2306.
EUR Analysis
Opened early Europe at $1.2328, EUR/USD closed in NY at $1.2321, just off the lows of $1.2317 seen after the USD got a general boost on the back of better than expected US retail sales data. Rate squeezed down to retest the NY low into early Asia, again basing here before picking up demand into […]
EUR Analysis
Opened early Europe at $1.2355, EUR/USD closed in NY at $1.2332 after settling back following its rally extension to $1.2374. Rate crept up to $1.2337 in early Asia before Tokyo sales of EUR/JPY squeezed it down to $1.2325, retesting NY lows.