Tag Archives: EUR
Dbdaily: European Edition
HEADLINES… * Markets: EU/US equities modestly in the red on weekend comments from ECB’s Coene and as newswires report a possible challenge to the German Constitutional Court’s ESM ruling, CHN bourses also a little softer early Tuesday but most of Asia in the black.
European FX Daily
* Kiwi retail sales stronger than expected * Indian central bank reiterates hawkishness * Euro area GDP likely contracted in Q2 * Greece to sell EUR3.1bn of 91-day bills
Asia today: EUR sees renewed short-covering; NZD pops, retreats
There was a slightly better mood for risk and risk currencies in today’s Asian session as the EUR consolidated it overnight gains.
EUR Analysis
Opened early Europe at $1.2295, EUR/USD closed in NY Friday at $1.2289 after seeing a late spike that took rate from $1.2242 to $1.2317.
CFTC: Net dollar long at six month low; AUD receives another lift
Speculative investors in the eight IMM currency futures tracked in this report continued to scale back their dollar long positions for a third week.
European FX Daily
Currencies and equities mixed * Japan Q2 GDP weaker than expected * Focus on US survey data for August
EUR Analysis
Opened early Europe at $1.2292, EUR/USD closed in NY at $1.2304 after recovering on reported light short covering from session lows of $1.2266.
European FX Daily
* RBA Statement of Monetary Policy dovish in tone * Chinese export and credit growth disappoint in July * Singapore GDP weaker than expected * Canadian employment likely weak
FX Daily Strategist: US
* EUR a tad lower despite positive mood music While the mood in financial markets continues to remain optimistic (glass half-full, not half empty), EURUSD is down about 60 pips closer towards 1.2300, the lowest since Friday.
Busy Asian session ahead with BoJ and Chinese data
We’ve got a busy Asian session ahead with Chinese data galore and an Aussie employment report. The BoJ will also be on tap with its latest decisions on monetary policy.
FX Daily Strategist: Europe
Dovish BoE inflation report could put some pressure on GBP Sterling’s recent underperformance may have been stabilised by Tuesday’s slightly better-than-expected industrial production data, but today’s key event – the BoE Inflation Report – could lead to some renewed weakness.
CFTC: Positive dollar sentiment weakens further
The weekly data from the US CFTC covering the week ending July 31 showed another big reduction in the aggregate net long dollar position held by hedge funds and other large speculators in IMM currency futures.