Tag Archives: EUR
EUR Analysis
Opened at $1.2622 after $1.2570/1.2629 overnight range, Euro had been capped ahead of the US session as chatter cited Dutch name sales offsetting demand from model and macro names, traders describing euro short-covering ahead of the Wednesday FOMC rate announcement.
EUR Analysis
Opened early Europe at $1.2613, EUR/USD closed in NY at $1.2578, off late session extended lows of $1.2557, the rate then continued its recovery through Asian trade to an overnight high of $1.$1.2617.
EUR Analysis
Opened at $1.2637 after $1.2525/1.2748 overnight range, Euro had been roiled overnight by Greek election results and proved unable to hold gains, the pair seeing selling by macro accounts, models and real-money types as it slid back under $1.2720 and $1.2700, finding stops.
EUR Analysis
Opened early Europe at $1.2706, EUR/USD closed in NY at $1.2655 with rate marked higher late Sunday as exit polls suggested that the pro-bailout parties in the Greek election had secured enough seats to form a government.
EUR Analysis
Opened early Europe at $1.2640, EUR/USD closed in NY at $1.2628, just off late session highs of $1.2635 after rate was driven higher on reports that G20 were preparing coordinated action to provide liquidity if needed after the Greek election.
EUR Analysis
Opened at $1.2573 after $1.2543/89 overnight range, EUR was underpinned but in a narrow range as Asian and option related interest contained both sides of the market at the overnight extremes.
EUR Analysis
Opened early Europe at $1.2580, EUR/USD closed in NY at $1.2565, off late extended recovery highs of $1.2611, with rate already recovering from a pullback low of $1.2552 before early demand in Asia lifted the rate to $1.2578.
Currency Outlook: Euro fallout: GBP beware schadenfreude
We believe Greece will remain in the euro, but analyse the situation using a simple decision tree framework to look at other possible scenarios. We would caution that GBP may not be the shelter from the euro storm that many suggest. There are grounds for GBP’s resilience, but these could vanish were the euro situation […]
EUR Analysis
Opened early Europe at $1.2565, EUR/USD closed in NY at $1.2570, off recovery highs of $1.2587 as risk was given a boost on market chatter of global stimulus plans. Rate initially squeezed down to $1.2565 before getting a fresh lift on release of stronger than forecast Australian employment data.
EUR Analysis
Opened early Europe at $1.2502, EUR/USD closed in NY at $1.2452, the rate recovering off a late pullback low of $1.2425 in line with US equities. A continuation of this recovery faltered as Moody’s announced a downgrading of Austrian banks, then six German banks, on both announcements rate dipped to $1.2440 where it met decent […]
Asia today: No worries mate! Australia’s Q1 GDP is sky high
Spectacular! That is the only way to describe the performance of the Australian economy in the first quarter of the year, at least according to the latest data from the Australian Bureau of Statistics.
Asia today: AUD a tad firmer as RBA only cuts by 25bp
The overnight short-squeeze in EUR crosses extended into the early part of the Asian session with a quick run-up through 1.25 and the overnight high versus the US dollar on stops triggers.
