Tag Archives: EUR
Weekly CFTC Trader Positioning Data
• Sentiment continues to diverge with building bearish EUR andJPY positions and steadily bullish AUD, NZD, MXN and GBP holdings.
EUR Mid-day Analysis
The Euro managed some fairly impressive action in the wake of the widely anticipated easing moves.
EURO Set To Resume Its Uptrend Post-ECB
The ECB cut interest rates as expected, but Draghi said that to all practical purposes interest rates have reached their lower bounds, notes Australia and New Zealand Banking Group (ANZ).
EUR Mid-day Analysis
While German manufacturing results were positive, the Euro zone also saw a sharp year over year rise inretail sales and that has clearly increased the debate on what the ECB will do later this morning.
EUR Mid-day Analysis
Euro zone data overnight was a little weaker than expectations but with the readings still sittingcomfortably above the 50.0 growth/no growth line, the undershoot versus expectations is discounted.
EUR Mid-day Analysis
While the June Euro has managed to respect the 1.3586 level 4 times on the charts in the last 5 sessions,the real test of the Euro looms on Thursday in the face of an ECB rate decision.
EUR Mid-day Analysis
Not surprisingly the Euro enters the pre-ECB rate decision window under pressure. With a series ofminimally slack Euro zone manufacturing PMI data points released overnight, the bear camp would seem to retainan edge.
Leveraged Funds Increasing Their Bets Against EUR, CHF
Leveraged funds increased their short bets against the EUR on expectations of policy easing at the upcoming 5 June meeting.
The Week Ahead in FX
In the week ahead, investors will be looking to Friday’s U.S. nonfarm payrolls report for May for further indications on the strength of the labor market,
Weekly CFTC Trader Positioning Data
Sentiment is shifting back in favour of the USD warning of further near‐term USD gains. Overall market positioning is light; with most currencies held close to flat.
Weekly Report
Markets have priced in rate cuts Looking forward the key event will be the European central bank policy meeting.
EUR Mid-day Analysis
The Euro remains under the negative spell of easing prospects from next week’s meeting and somewhatdisappointing data from German retail sales overnight leaves the edge with the bear camp.