Tag Archives: EUR
UK Morning Briefing
Forex Overnight: EUR trading weak The EUR is trading under pressure against the majors, this morning, ahead of a report scheduled for release next week, which is likely to indicate a slowdown in the Eurozone’s manufacturing sector in December. Yesterday’s lacklustre Italian bond auction has continued to weigh on investor sentiment. At 6 am, the […]
EUR/USD ANALYSIS
Opened in early Europe at $1.3063 (opened in Asia at $1.3068) lifted to $1.3077 on renewed threats from Iran of a close of the straits of Homuz which ran Crude Oil back above $100, but ran into supply at $1.3080.
Market Preview – 28 December 2011
Forex Overnight: EUR trading lower against USD The Euro has weakened against the USD, this morning, ahead of the Italian bill auction scheduled later today, consisting of €9.0 billion of 179-day bills and €2.5 billion of zero-coupon 2013 securities. Additionally, market expectations that Italian business confidence for December, scheduled to be released tomorrow, would show […]
FX Update
The last day of trading before the Christmas holidays and a Japanese holiday kept activity very subdued in today’s Asian session with early closes for some markets and an almost barren data calendar. Data releases were confined to Singapore’s CPI and industrial production which are scheduled for release just as we go to press.
UBS Morning Adviser: Debt Woes Continue
The EUR has managed to avoid further losses during the Asia session but it is clear that it will take more than a blast of liquidity by the ECB to change the overall picture for the currency. In addition, even if the funds do succeed in preventing massive deleveraging by banks and protect financial stability, […]
Daily FX Technical Strategy – Here we go again
Halloween proved to be a nightmare for the eurozone as sovereign yield spreads began widening once more, equity markets fell sharply and so too did the euro.
HSBC: Currencies: Currency Weekly: Sterling’s new-found stability
Trade weighted stability for sterling means that it has become constrained within relatively tight ranges against both USD and EUR, suggesting this is a good time for hedgers to act. Loose monetary policy and tight fiscal policy would usually be a recipe for currency weakness. Why is GBP stable?
What matters today (Asia edition)
Developed macro 1. ECB meeting on Thursday is the obvious focal point of another eventful week in the Eurozone. Greece still in the spotlight, but no decision expected at today’s Eurogroup meeting. 2. Datawise, the final releases of Eurozone PMI indices today should remain consistent with economic weakness in the periphery. 3. The US ISM […]
FX DAILY STRATEGIST: Europe – 30 September 2011
Markets remain volatile but directionless; NZD hit by downgrades: Risk appetite continues to ebb and flow with headlines of progress and setbacks on Europe. US equities recovered from an early slide to close on a positive note, but futures have turned lower again since; the moves are mirrored by FX markets, which continue to see […]
Technical Analysis: Technical Alert: Euro approaching support levels
Entering the week with a small sour undertone but it is also worth to note that at least some positive signs are emerging with some equitiy markets ending last week on a positive footing (OMX spring bottom) and that some EM’s like EURPLN came off in both size and volume, Bond yields moved up a […]
FX DAILY STRATEGIST: Asia – 21 September 2011
USD softer, EUR stable, CHF hit by SNB re-peg speculation. More positive signals out of the latest troika/Greece phone conference, an absence of any bad-news scare stories and some sense of optimism that the FOMC would deliver enough following the conclusion of the FOMC meeting today to add a layer of support under risk markets, […]
FX DAILY STRATEGIST: US – 20 Sept 2011
USD retraces lower and equities recover in Europe, but sentiment still fluid: The dollar softened in the European session with the move being linked to selling by Asian accounts. Equities have rallied however sentiment remains fluid. Further negative headlines surrounding the European banking sector could see liquidity tensions exacerbate.