Tag Archives: EUR
EUR Analysis
EUR/USD closed in NY at $1.3360, off traded highs at $1.3368 and seen after markets reacted to Fed Bernanke’s dovish comments. Rate basically flatlined through Asia with trade contained within a tight range of $1.3343/66.
EUR Analysis
EUR/USD closed in NY Friday at $1.3267, the rate recovering off a late pullback low of $1.3255 after touching a session high of $1.3284. Rate opened Asia around $1.3270 with early trade contained by $1.3270/73 in opening trade before pushing up to $1.3285 as market reacted to press reports that Germany’s Merkel would allow a […]
FX CFTC: Dollar longs pared as EUR, JPY and GBP are bought
Currency speculators had a busy time in the week to last Tuesday with many position adjustments occuring all resulting in a net reduction of long dollar positions to the lowest level in a month, according to the latest data from the US Commodity Futures and Trading Commission. The net long dollar position versus eight IMM […]
US Market Summary
The USD stumbled against the euro and the yen Friday, after a U.S. housing report cast doubt on the strength of the economic turnaround and called into question the prior week’s ascendancy in the U.S. currency. New home sales in the U.S. fell for the second consecutive month in February, helping push the euro up […]
EUR Analysis
EUR/USD closed in NY at 1.3202, after recovering off session lows of $1.31334, the recovery continuing into Asia as demand for EUR/JPY influenced the rate to an extended high of $1.32134 before settling between $1.3190/1.3210 for the balance of an otherwise subdued session.
EUR Analysis
EUR/USD closed in NY at $1.3210, having been pressed to lows in this session of $1.3178 from earlier highs in Europe of $1.3286. Rate edged higher in early Asia, the move influenced by EUR/JPY demand, marking a high at $1.3246 before faltering.
AUD pushed lower as China flash PMI data slides further
Signs of weakening global growth were reflected in today’s flash estimate of China’s manufacturing PMI data for March, which slid to 48.1 from 49.6 last time. Note this is the first “real month” of data this year now that the Lunar New Year distortions are out of the way and is not suggesting a rosy […]
FX Daily Strategist: US
FX markets lacking direction, correlation between yields USD looser than many supposed FX markets continue to trade with a lack of clear direction, characterised by quick reversals and a range of mostly unconvincing explanations being wheeled out for the moves. A slow grind higher in equities in the US session, after sharp opening losses suggested […]
EUR Analysis
EUR/USD closed in NY at $1.3240, having seen its recent recovery extend to highs of $1.32659 as the market reacted to the Greek CDS settlement, the EFSF sale of 20-year bonds and confirmation that the ECB is putting its bond-buying programme on the back burner.
FX Daily Strategist: Europe
Paradigm Lost? Treasury sell-off fails to support USD Just when the FX market was settling into its new paradigm of bond-yield watching, the spectacle of US Treasury yields shooting higher in the NY afternoon while the dollar heads lower is cause for some fresh soul-searching.
Risk appetite index is back in the risk-neutral zone
The SEB Risk appetite index (RAI) * RAI moved back into it’s the risk-neutral zone after being in the risk-aversion zone almost all the time since Aug 2011. Since RAI have been correlated with the OECD leading indicator (which is lagging two months) this is a positive sign for the economic recovery going forward.
EUR Analysis
EUR/USD closed in NY Friday at $1.3172, off rally highs at $1.3187 after it had been driven higher on the back of a general dollar sell off prompted by the release of slightly softer than expected US data.