Tag Archives: EUR
FX G10 and EM Morning Trader Views
G10 EUR – So now the decks fully cleared – US holiday tomorrow so expect a holding pattern into the ECB on Thursday – 1.2550 held on the dip yest , 1.2610/15 was the pivot yesterday so expect some weak stops 1.2620/40 topside – ultimately 1.2550/1.2670 for now.
EUR Analysis
Euro was defensive ahead of the US session with soft European PMI data adding weight, and the euro wasted little time in stretching to fresh lows for the session as bids ahead of $1.2600 were filled.
EUR Analysis
Opened early Europe at $1.2625, closed in NY Friday at $1.2670 and consolidated post EU summit gains. The EUR opened in Asia at $1.2665 and briefly touched a high of $1.2680 on markets continued reaction to recent headlines.
FX G10 and EM Morning Trader Views
G10 EUR – So after Friday afternoons squeeze as people took further shorts off the table into the w/e, the break has allowed people to digest the news further and we have moved back into the range as people view the summit news as positive however realise there is still a long way to go […]
CFTC: Dollar long extended ahead of Fridays violent price action
The latest data from the CFTC covering the week ending June 26 showed that speculative traders in IMM currency futures increased their aggregate long dollar position by 20 percent to USD 27 billion.
Asia FX Rundown
News and markets Hong Kong and India on holiday today. The votes are being counted in the Mexican presidential and congressional elections held yesterday.
EUR Analysis
Opened at $1.2578 after $1.2433/1.2628 overnight range, EUR had gapped higher in Asian dealings on apparent progress at the EU Summit, forcing a short-covering scramble ahead of quarter-end, but pair had deflated from highs after talk of Asian sovereign sales.
EUR Analysis
Opened early Europe at $1.2600, closed in NY at $1.2440, rate recovered from $1.2414 lows in late trade. The euro opened flat before spiking in Asian afternoon trade, as risk appetite picked up in the wake of comments from EU officials.
EUR Analysis
Opened at $1.2450 after $1.2407/1.2524 overnight range, EUR was again on the defensive ahead of the EU Summit after a brief rally atop $1.2500 fizzled, the pair erasing layered stops in a sharp slide to $1.2407.
EUR Analysis
Opened early Europe at $1.2510, closed in NY Wednesday at $1.2470 and recovered from lows of $1.2445 after the London fixings. The EUR opened higher and lifted to $1.2480 in Asia, although volumes were very light, with many players on the sidelines ahead of the EU leaders summit starting later today.
Euro Ahead Of EU Summit
The euro traded slightly lower against the dollar Wednesday, but remains in a tight range ahead of a crucial European Union summit in Brussels.
EUR Analysis
Opened early Europe at $1.2493, closed in NY Tuesday at $1.2495 after recovering from a session low $1.2442, pressured on comments suggesting German Chancellor Merkel had ruled out joint euro bond issuance for the foreseeable future.