Tag Archives: EUR
EUR ANALYSIS
Closed in NY Friday at $1.2720, off lows at $1.2697, and was marked down at the Asia open to $1.2695. Rate was seen under pressure into Monday’s market open as traders reacted to weekend comments that the IMF is losing confidence in Greece and a Germany advisor reported saying that Greece has already defaulted. Stops […]
Market Analysis
A combination of strong U.S. employment data and relentless fears about Europe’s debt troubles sent the EUR tumbling Friday to a new 15-month low against the USD and its weakest level in 11 years against the JPY. The common currency shed more than 2 cents on the week, reversing sharply from a relief rally that […]
Big G10 FX charts show Euro and Aussie at new opposite extremes
USD The USD/G10 basket has yet to extend beyond its recent tops as the pro-risk currencies have held their own against the greenback even as the Euro has suffered of late. The relative strength of the greenback in an environment of still elevated risk appetite is significant relative to previous behaviour.
Market Preview – 6 January 2012
Forex Overnight: EUR trading under pressure The EUR is trading lower against the USD, this morning, amid rising concerns about the European debt crisis, after French bond yields rose at an auction yesterday. Markets are eagerly awaiting the release of Eurozone consumer confidence and U.S. non-farm payrolls data later today. At 6 am, the EUR […]
FX Daily Strategist: Europe
New Year rally fades; range trading likely ahead of Friday’s NFP The risk-on momentum that rang in the New Year dissipated on Wednesday despite the higher revision of the Eurozone Services PMI. In fact, EUR remains weighed down on the crosses with EURAUD falling to new record lows and EURJPY nearing 12-year lows as consolidates […]
EUR Analysis
Opened early Europe at $1.2916 EUR/USD closed in NY at $1.2945, after recovering off session lows of $1.2898 to $1.2955. Rate marked Asian session highs at $1.2946 in early trade before turning lower, the move to session lows of $1.2911 given an added shove as PBOC fixed yuan at 6.3115, up sharply from Tuesday’s 6.3001.
Market Preview – 5 January 2012
Forex Overnight: EUR trading weak The EUR is trading under pressure against most of the major currencies, this morning, amid rising concerns about the ability of the European governments to refinance their public debt, and ahead of the €8.0 billion French bond auction later today.
Market Preview – 4 January 2012
Forex Overnight: EUR trading under pressure The EUR has weakened against most of the major currencies, this morning, ahead of the German and Portuguese bond auctions worth €5.0 billion and €1.0 billion, respectively, later today. Traders are also keeping an eye on the Eurozone consumer price inflation data slated for release today, which is expected […]
Asian Market Summary
EUR opened in Asia this morning at $1.3050 after highs in NY of $1.3077 following yesterday’s stronger PMI data from China and a rise in global PMI to 50.8 in December. Equities picked up as some tentative risk returned along with firmer crude prices on further tensions between Iran and the US.
Market Analysis
Riskier currencies like the EUR and AUD rose in European trading Tuesday while the greenback was under broad-based pressure as the London market kicked off 2012 in a mildly upbeat mood, helped by a run of encouraging global economic data.
Market Preview – 3 January 2012
Forex Overnight: EUR trading stronger The EUR is trading higher against most key currencies, this morning, as an improvement in manufacturing activity in the major global economies, including China and Germany, boosted risk appetite amongst traders.
EUR Week Summary
Europe’s debt crisis continued to take a toll on the Euro Friday, as it lodged at an 11-year low against the JPY and 1 cent away from its weakest level more than a year versus the USD on the final trading day of 2011.