Tag Archives: EUR
EUR: How Could The ECB Surprise Next Week?
Going into the ECB meeting Citi economists and the market are expecting a 10-15bp cut in both main refi and deposit rates.
EUR Mid-day Analysis
While the Euro is facing a distinct pattern of lower lows and lower highs on its charts, a quasi-doublebottom around 1.3586 level would seem to provide a fresh layer of support.
Credit Agricole: EUR View
The EUR has remained under pressure, mainly on the back of rising expectations of the ECB cutting the deposit rate negative at next week’s policy meeting.
EUR Mid-day Analysis
The Euro remains pinned to the bottom of its recent trading range despite very upbeat consumersentiment results.
EUR Mid-day Analysis
The Euro probably became short term oversold this morning into its lows and we suspect that the Eurowill derive a small and temporary bounce from the US durable goods report.
ANZ: Weekly CFTC Trader Positioning Data
Leveraged funds reduced their net short positions against the USD for the second week. Net short positions against the USD fell by USD0.4bn, largely reflecting the reduction in positioning in the EUR.
Societe Generale: Weekly CFTC Trader Positioning Data
The following are the latest weekly positions updates on Societe Generale’s FX Quant Fund which runs systematic currency strategies by SocGen’s quant analysts.
The Week Ahead in FX
In the coming week, markets in the U.K. will be closed for a public holiday on Monday, while U.S. markets will also be closed for the Memorial Day holiday.
Weekly CFTC Trader Positioning Data
FX volatility is low and positioning is relatively light, even in carrytrades that typically thrive in low vol environments. Most positionsare close to flat, and even large positions,
EUR Mid-day Analysis
Not surprisingly the gains in the Dollar have translated into a much weaker Euro. Apparently seeing adecline in the May German Ifo readings overnight and
Germany: Slightly weaker growth in sight
Ifo numbers came out in line with our expectations, a bit weaker than consensus. They point to ongoing but slightly slower growth driven by domestic demand.
EUR Mid-day Analysis
Talk that the ECB hasn’t fully decided to ease in June has provided some support for the Euro over thelast 24 hours. However, somewhat slack Euro zone May PMI data has robbed the Euro of buying interest and