Tag Archives: EUR
EUR Analysis
Opened early Europe at $1.2742, EUR/USD closed in NY at $1.2716, as rate was recovering off a late pullback to $1.2702. Rate continued this recovery, from an early posted low $1.2712, trading to a session high of $1.27495 on short cover demand and aided by the release of better than forecast Japan Q1 GDP which […]
Asian trading: EUR struggles at the bottom of the recent range
The EUR started the Asian session at the NY lows – and stayed there. There was not too much activity to report but risk and the associated currencies traded with a heavy bias with the USD index extending yesterday’s up-move with gains of 0.1 percent.
EUR Analysis
Opened early Europe at $1.2887, Closed in NY Friday at $1.2928. Rate initially marked highs at $1.2933 into Asian dealing, as a US name drove Aussie up to an early high of $1.0062 following the China 50bps RRR cut at the weekend, before turning lower.
EUR Analysis
Opened early Europe at $1.2952, EUR/USD closed in NY at $1.2927 following a roller coaster session which saw rate hit lows of $1.2912, recovering to $1.2978 before dropping back to $1.2925 ahead of the close. Moves were mainly dictated by market reaction to stories concerning Greek debt and Spanish bank concerns.
EUR Analysis
Opened early Europe at $1.3030, EUR/USD closed in NY at $1.30052, after rate had seen lows in this session of $1.2983 before bouncing back to $1.3044 as market reacted to comments from Greece as parties there announced intentions (as regards austerity and Greek debt) as they tried to agree a coalition to form a government.
FX Daily Strategist: Europe
Greece returns to the front page as coalition talks threaten new elections Greek once again takes centre stage as the inconclusive results of the election lead to further uncertainty. Having won the most seats, the New Democracy party was yesterday given a three-day mandate to try to form a coalition.
Oz trade balance deteriorates, wiping the smile off the AUD
No doubt most Asian short EUR positions were wiped out yesterday as the single currency staged a dramatic comeback from its early post-election sell-off. There were no real drivers for the rebound though reports of reserve diversification by central banks did the rounds while encouraging words for Greece from EU members may also have helped.
Speculative Positions
Recent reversals in USD/CAD and GBP/USD confirmed by positioning data SEB Risk appetite index (RAI) Risk appetite is falling. RAI is working its way through its support area in a continuation pattern of the previous sharp fall. Summary of the speculative accounts in the Commitment of Traders report for the period 25 April […]
EUR Analysis
Opened early Europe at $1.2977, EUR/USD closed in NY at $1.3083, the rate marked lower into Asia’s open to $1.3065 as markets reacted to weekend election results in France and Germany, but more especially in Greece, as results showed the governing coalition had failed to win a majority, with anti austerity parties making significant gains.
EUR Analysis
Opened early Europe at $1.3148, EUR/USD closed in NY at $1.3152 after rate had recovered from lows of $1.3195 to $1.3181 through the ECB press conference, as Draghi failed to fulfill expectations of a dovish stance.
EUR Analysis
Opened early Europe at $1.3146, EUR/USD closed in NY at $1.3158, after rate had recovered from session lows of $1.3122 to $1.3168. Rate touched an early overnight high at $1.31605 before continuing its corrective pullback, the rate easing to an eventual low of $1.3136 before settling above $1.3140 into the European open.
EUR Analysis
Opened early Europe at $1.3223, EUR/USD closed in NY at $1.3235 after recovering off a post ISM low of $1.32045 to $1.3240. Rate nudged up to $1.3242 in early Asia, the market probing for stops above $1.3240 before turning lower with larger stops below $1.3200 targeted.