Tag Archives: EUR
FX DAILY STRATEGIST: Europe – 12 September 2011
EUR continues to slide – volatility risks slipping over into real economy: Concerns over progress on the Greek bailout and the sudden resignation of Juergen Stark from the ECB Governing Board has seen risk pummelled. The DJIA fell more than 300 points and the flight into safe haven assets kept USD and USTs well bid. […]
FX Pulse: Funding in Euros
Global Currency Research Conditions for further EUR weakness have fallen into place. The German Constitutional Court has supported the control rights of the German Parliament regarding future EMU support payments and guarantees. The ECB has underlined the need for fiscal consolidation and for peripheral countries to restructure their economies, which will be deflationary.
Americas FX Daily – Euro stress rises into weekend
What happened overnight – Reports indicate stress in IMF/EU talks with Greece – Greece denies disagreement with EU – Italian yields continue to rise, 10-year back above 5.2% – UK construction PMI weaker than expected
Daily FX Technical Strategy – Ranging signs at the start of the month
The price action of the past 24 hours suggests further range trading should be expected in Sep. Euro support gave way yesterday pointing to a return to the lower half of the range of the last month and the USD Index escaped from its recent contracting pattern back into the middle of its range.
FX DAILY STRATEGIST: US – 04 August 2011
• Key for EUR will be whether the ECB considers restarting SMP • Japan intervenes to weaken JPY, BOJ eases policy • A sustained USDJPY rally is unlikely given current market nervousness