Tag Archives: EUR
EUR Analysis
Opened early Europe at $1.2258, EUR/USD closed in NY at $1.2253 after seeing lows in this session of $1.2235. Rate marked an early low of $1.2246 in Asia before a reserve manager emerged as an early buyer (in cable as well) lifting the rate to an initial high of $1.2255 before fund demand extended move […]
FX G10 and EM Morning Trader Views
G10 EUR – Mkt has been on the defensive this week worried about being caught on a squeeze that has never really come with 1.2330/40 providing stiff resistance –
Speculative Positions
Normalization of previous risk-off positioning the major theme Summary of the non-commercial (“speculative”) accounts in the CoT report (June 27 – July 3)
EUR Analysis
Opened early Europe at $1.2290, EUR/USD closed in NY at $1.2318, off recovery highs at $1.23248 after rate had seen lows earlier in the day of $1.2225.
FX G10 and EM Morning Trader Views
G10 EUR – Quiet o/n with eur failing to push on above 1.2330 lvl despite stops in the market – Still not huge clarity coming from the EU finance ministers meetings although comments from Schauble regarding use of ESM/EFSF funds ‘without warning’ suggests that they may stand ready to step in if Spanish and Italian […]
EUR Analysis
Opened early Europe at $1.2295, EUR/USD closed in NY at $1.2285, off traded lows of $1.2260, with rate under pressure into early Asian trade as traders marked rate lower on reaction to weaker than expected Chinese inflation data and ahead of today’s Eurogroup meeting where expectations have been dampened by Finland’s comments Friday highlighting the […]
FX G10 and EM Morning Trader Views
G10 EUR – So we open the week in asia with a nice push to a new years low at 1.2225, however we bounce right back as mkt takes some profit on this 3% move into the EU finance ministers meeting later today – That said we still only have managed a move back to […]
EUR Analysis
Opened early Europe at $1.2380, EUR/USD closed in NY Thursday at $1.2393 after rate was pressed to extended lows of $1.23639 after the ECB cut rates by 25bps, the deposit rate cut to 0.0%, as well as ECB Draghi’s negative growth outlook.
FX G10 and EM Morning Trader Views
G10 EUR – Have to say surprised by the follow through to the downside yesterday – we never looked back from the rate change announcement taking out the support at 1.2450/1.2410 – and very little retracement back above that 1.2410 support lvl since – we await payrols today but i think market again looking for […]
PBOC joins ECB and BoE easing fest, but EUR and risk are wilting
The Euro is was very weak on the ECB cut, even if it was in line with expectations. Meanwhile, the PBOC joined the easing action with a rate cut of its own – Aussie tried to jump on the news, but should it?
EUR Analysis
Opened early Europe at $1.2530, EUR/USD opened in Asia around $1.2526, easing off a late Wednesday recovery high of $1.2545 after posting session lows of $1.2508.
EUR Analysis
Opened early Europe at $1.2587, EUR/USD closed in NY at $1.2605 and marked session highs at $1.26083 before easing below $1.2600 on light trade, with traders noting Tokyo sales of EUR/JPY suggested to be linked to bund redemptions.