Tag Archives: EUR
European Market Analysis
Currency markets were largely steady in European hours Monday, with the euro trading above a 16-month low against the dollar after a sharp pre-weekend selloff in the EUR. Investor sentiment remained fragile as the market continued to work out the ramifications from Friday’s euro-zone sovereign rating downgrades and in light of Greece’s rocky negotiations with […]
US Market Summary
The EUR weakened to a 16-month low versus the dollar Friday on widespread downgrades of euro-zone countries by S&P’s Ratings Services. The ratings company downgraded nine of the 17 euro-zone countries, with the announcement coming after European financial markets were closed for the weekend and shortly after the U.S. stock market also had closed.
EUR Analysis
The EUR tumbled to a fresh session low against the dollar in Friday trading in New York amid talk that Standard & Poor’s is on the brink of downgrading several European countries. The common currency dropped as low as $1.2688, down from $1.2814 late Thursday. It was most recently trading at $1.2698.
FX Strategist – Weekly update: cross signals
· The euro has weakened on net against all G10 and major EM currencies in the first weeks of the new year. This broad weakening has been a function of ECB easing, which has weighed on the euro, and stronger global data, which have boosted risk-sensitive currencies broadly. The key question for currency market participants […]
UBS Morning Adviser America
Euro Tests 1.27 After a subdued opening, the euro and other risk assets came under pressure. While the move was largely stop-loss driven, comments by David Riley, the head of sovereign ratings sparked some selling. Riley said that the ECB must step in to prevent a ‘cataclysmic’ collapse of the euro.
UBS Morning Adviser
The euro gave back most of yesterday’s gains during an otherwise quiet Asia session. EURUSD traded 1.2729-1.2793 and USDJPY 76.80-76.94. The recent barrage of Fed commentary continues. On Tuesday, officials sounded cautious on their overall views on the US economy, though there seemed to be diverging opinions on just how to proceed in the immediate […]
Market Analysis
The EUR was lower in Asian trade as investors were reluctant to buy the single currency despite modest gains Tuesday after successful European bond auctions, while many traders were cautious ahead of upcoming Italian and Spanish auctions and the European Central Bank’s policy-setting meeting Thursday.
UBS Morning Adviser America
We were stopped out of our AUDUSD shorts through 1.0280 last night as the pair’s grind higher in the wake of positive retail sales data continued, from 1.0145 at yesterday’s low to a 1.0324 high in Asia today.
UniCredit EEMEA Daily
News BG: Mixed – Activity indicators disappointed in November; MinFin sells BGN 50mn of 10½Y GBs at 5.35% (p2) CZ: Neutral – Dec CPI came in at 2.4% yoy / Nov retail sales expanded 0.5% yoy (p2) KZ: Positive – GDP growth was 7.5% in 2011, Prime Minister Karim Massimov wrote on Monday (p3) RO: […]
UBS Morning Adviser Europe
Risk appetite nudged higher in Asia after China’s December trade surplus came in well above consensus. AUD and NZD advanced throughout the session and even the euro staged a modest comeback. Surprisingly, AUD was not held back by the very weak China import numbers which were the root cause of the wider trade surplus.
European FX Daily – Antipodeans lead rally vs. the USD
– Antipodeans lead rally versus USD – China’s trade surplus widens more than expected due to weak imports – AUD building approvals rose more than expected – More IP releases to watch across Europe today What to watch for today SEK: Softer IP. Consensus is for a 0.8% mom contraction in Swedish November industrial production, […]
Market Preview – 9 January 2012
Forex Overnight: EUR trading weak The EUR is trading lower against its major counterparts, this morning, with markets keenly awaiting the outcome of the meeting between German and French leaders and the German industrial production data later today. Additionally, reports over the weekend suggesting that the International Monetary Fund was losing confidence in Greece to […]