Tag Archives: EUR
EUR Mid-day Analysis
Even the Euro is a bit off balance this morning as fears of global economic slowing have left it out of favor.In fact, with the exception of the Yen, the currency markets in general are not seeing flight to
EUR Mid-day Analysis
Apparently seeing slack UK February retail sales figures, a minimal +0.1% 4th quarter Italian GDP resultand residual concerns toward the Ukraine have left the bear camp with a slight edge.
EUR Mid-day Analysis
The Euro bulls have to be cheered by the Euro’s capacity to weave its way through a negative US Non-Farm Payroll result at the end of last week.
The Week Ahead in FX
In the week ahead, rate announcements by the Bank of Japan and the Reserve Bank of New Zealand will be in focus. The U.S. is to publish what will be closely watched data on retail sales and consumer sentiment.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for the fourth consecutive week but most positions remain relatively neutral, close to the median of the last 52-weeks.
EUR Mid-day Analysis
Another new high in the Euro overnight suggests that the trade is embracing the argument that the Euroeconomy is stronger than the US economy.
Euro area: ECB comment – no rate cut
The ECB kept rates on hold as 40 out of 56 polled by Bloomberg – including us – expected. The ECB also decided to continue sterilising its sovereign bond holdings under the SMP.
EUR Mid-day Analysis
Weakness in the Dollar, favorable German Manufacturing orders and expectations for more slack datafrom the US directly ahead have helped the Euro hold up
FX Shifts: Blink and You’ll Miss It
In G10 space, the dollar has had a mixed year so far. The euro seems trapped ina 1.35-1.38 range and is almost unchanged on the year.
US Morning Update
We observed very tight ranges in most currency pairs during the London morning. There was not enough direction coming from Ukraine or Black Sea news,
EUR Mid-day Analysis
The Euro is under the influence of a bearish chart breakdown and it also appears as if better thanexpected Euro zone and German Service sector readings have failed to provide support to the currency.
Ukraine tensions ease pave way for service PMI focus before ECB
Risk appetite has continued its recovery overnight after Ukraine-Russia tensions eased somewhat yesterday.