Tag Archives: EUR
EUR Mid-day Analysis
While the Euro might be deriving some lift from news of a current account surplus for January, it could bedifficult for the Euro to forge significant gains today, without positive economic readings.
Draghi needs Swedish lessons
The ECB needs to learn from the Riksbank and become far more vocal about the threat posed by a strong currency to its inflation mandate.
EUR Mid-day Analysis
The Fed move and statements yesterday have temporarily punctured the Euro’s bullish facade. WithGerman February PPI coming in unchanged and the year over year change registering
EUR Mid-day Analysis
The Euro is probably seeing some lift from news that Euro zone wage growth improved in the 4th quarterand that Euro labor costs also rose as that dampens the deflation threat.
EUR Mid-day Analysis
The Euro has tracked weaker this morning in the wake of potentially supportive Euro zone auto salesfigures and from evidence of a Euro zone Trade surplus.
EUR Mid-day Analysis
It is possible that the Euro has lost some upside momentum. It would also seem like deflationary fears inthe Euro zone have been fostered by Euro zone February inflation readings overnight.
FX: mute ECB
Talking the talk is not sufficient to stop EUR. USD broad weakness vs majors should continue for now.
The Week Ahead in FX
In the week ahead, investors will be looking ahead to Wednesday’s monetary policy announcement by the Federal Reserve. The bank is also to publish its economic forecasts.
Weekly CFTC Trader Positioning Data
Sentiment shifts this week largely reflect the impact of investors’reactions to recent central bank & policy-related developmentsgiven that currencies had remained relatively quiet headinginto Tuesday’s position date.
EUR Mid-day Analysis
Draghi comments hinting at more efforts to battle the threat of deflation take on added significance aheadof the weekend especially with the Euro yesterday spiking up to 1.3967.
Draghi Remarks Rattle Euro; Market Unconvinced Rally Over
Jawboning remarks from European Central Bank president Mario Draghi, noting that the rising euro is increasingly becoming relevant to the ECB’s inflation outlook, sent the euro tumbling Thursday.
EUR Mid-day Analysis
A fresh upside breakout on daily and weekly charts overnight, the Euro looks to continue to win by default.In fact, the Euro has managed to charge higher despite ECB talk of action if real interest rates fail to soften.