Tag Archives: EUR
EUR Analysis
EUR/USD closed in NY at $1.3109 after recovering off a late pullback low of $1.3094. Rate extended recovery, aided by early EUR/JPY demand into Asia, with dovish comments from Fed Yellen providing the early lift to $1.3125.
EUR Analysis
Opened at $1.3142 after $1.3067/1.3157 overnight range. Euro had lifted through stops in the $1.3140/50 zone ahead of the US session, only to stall and reverse, slipping to $1.3120 early in the US day as light selling emerged at the ECB fixing.
EUR Analysis
EUR/USD closed in NY at $1.3082 after correcting back from a late recovery high of $1.3100. Rate eased to $1.3066 in early Asian trade, as rate was influenced by Aussie sales as that market targeted stops below $1.0250.
EUR Analysis
EUR/USD closed in NY at $1.3105, after correcting back from a late recovery high of $1.3133. Rate marked lows at $1.3100 into Asia before recovering, the move up aided by EUR/JPY demand into the Tokyo fix but main demand emerged on rumours for strong Chinese trade data.
European FX Daily – Chinese exports up, imports down
– European FX leads modest rally vs the USD, Asian equities mixed – Bank of Japan kept policy on hold as expected – China’s export growth higher than expected, imports disappointed – France’s industrial output likely rose in February
EUR Analysis
EUR/USD closed in NY at $1.3140 after recovering from session lows of $1.31072. Rate marked lows in early Asia at $1.3136 before resuming its recovery. Offers placed to $1.3150 again provided resistance, as they had in late NY, but fresh demand triggered weak stops above to take rate overnight highs of $1.3158.
EUR Analysis
EUR/USD closed in NY at 1.3335 with rate marked up to $1.3358 into the Asian open as risk was given a general boost by the weekend release of surprisingly strong China PMI. Rate extended the react rally before stalling at Friday’s high of $1.3377 (Europe).
EUR Analysis
EUR/USD closed in NY at $1.3300 having recovered off session lows of $1.3251 through the NY afternoon. Rate marked lows into early Asia at $1.3295, as early traders targeted downside stops in USD/JPY and EUR/JPY, with rate reversing higher as Japanese life companies emerged as strong EUR/JPY buyers which propelled EUR/USD higher.
FX Daily Strategist: Europe
EUR-crosses prone to sell the fact on Eurogroup; Spain budget also in focus EUR-crosses could be vulnerable to a “sell the fact” response on today’s European Finance Ministers meeting (0800 GMT). Markets have been led to believe this will result in agreement on a plan to combine the unused 240bn lending capacity of the EFSF […]
USDJPY trades lower in Asia on JPY repatriation/month-end themes
There was some welcome news for the Bank of Japan early in the Asian session as core inflation rose for the first time in 5 months in February. National CPI ex-food rose 0.1 percent y/y, higher than forecasts and above last month’s 0.1 percent decline.
EUR Analysis
EUR/USD closed in NY at $1.3323 after rate had recovered from session lows of $1.3277 to $1.3330. Rate edged its way back to retest that late NY recovery high but move met headwind supply linked to EUR/JPY sales which restricted the move to $1.33328. Rate drifted off highs, the move down led by further sales […]
EUR Analysis
EUR/USD closed in NY at $1.3312, just off its pullback low of $1.3311 after rate had been pressed back from earlier intraday highs of $1.33857. Rate picked up fresh demand interest into Asia, the rate opening the main session around $1.3313 and edged higher, the move aided by initial EUR/JPY demand, with EUR/AUD buys taking […]