Tag Archives: EUR
Beware, These Extended FX Positions Are Vulnerable In May
Large currency exposures tend to be scaled back between May and August according to BNP Paribas’ FX Positioning Analysis.
EUR Mid-day Analysis
A fresh upside breakout in the Euro was seen overnight despite a number of May Day holiday closures inEurope. Perhaps the Euro is garnering some lift from favorable UK manufacturing data or
Week Of The Dollar Or Weak Dollar?
In a note to clients today, Goldman Sachs continues to layout the argument for why the Dollar should strengthen over the coming year, especially against other G10 currencies.
EUR Mid-day Analysis
After an initial washout early this morning, the Euro has come bounding back perhaps because of slightlyhotter than expected Euro zone inflation data.
EUR Mid-day Analysis
As suggested in Dollar coverage Euro zone data overnight left a lot to be desired as April ConsumerConfidence fell for the first time in a year and Industrial confidence also declined.
EUR Mid-day Analysis
While it might seem like the Euro is winning by default, the reality is the trade sees progress towardrecovery in the Euro zone to be more definitive than in the US.
Leveraged Funds’ Bet Against USD At Highest Level Since Jan 2013
Leveraged funds have increased their net short positions against the USD to their highest level since January 2013.
The Week Ahead in FX
In the week ahead, investors will be focusing on Friday’s U.S. jobs report for April and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday.
EUR Mid-day Analysis
A combination of residual Dollar weakness, slack US data and mostly upbeat Euro zone data leaves thepath of least resistance pointing upward in the Euro.
EUR: Upside Risk Persists Short-Term
The EUR has been capped of late, mainly on the back of ECB President Draghi reiterating that the ECB is ready to consider more aggressive policy action such as quantitative easing if the inflation outlook deteriorates.
EUR Mid-day Analysis
While the Euro has remained within the prior session’s range and has failed to breakout to the upside inthe face of positive German Ifo Business climate gains, we have to leave the edge with the bull camp.
France FinMin: Not Trying To Give ECB Advice On Euro
France’s Finance Minister Michel Sapin repeated Wednesday that the strong euro was a problem for his country and the Eurozone but added that the government was not seeking to give advice to the European Central Bank.