Tag Archives: EUR
Employment, weather and FX reactions
Heading into this week’s employment data investors may attribute weaknumbers to the weather.This view is not entirely unjustified.
EUR Mid-day Analysis
With the Euro short term technically and fundamentally overbought into last week’s highs and a shift in theUkrainian situation, the bear camp looks to have a slight edge.
EUR Mid-day Analysis
The Euro generally remains in favor this morning and the Dollar remains near its recent lows and thatsuggests the currency trade sees the US as more likely to be draw into the Ukraine conflict than the Euro.
The Week Ahead in FX
In the week ahead, investors will be anticipating Friday’s U.S. nonfarm payrolls report for an indication of the strength of the recovery in the labor market.
CIBC: USD: In ‘Deep Freeze’; EUR: Inflows To ‘Tail-Off
Better-than-expected new home sales and durable goods orders this week have reminded the market that not all US data is negatively impacted by harsh winter weather,
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for thefourth consecutive week but most positions remain relatively neutral,close to the median of the last 52-weeks.
EUR Mid-day Analysis
The Euro is back in vogue again as the outlook toward the US economy is being downgraded and newsof a rise in Euro zone January jobless numbers was discounted.
EUR Mid-day Analysis
The Euro remains in a liquidation bias this morning despite scheduled data flows this morning that shouldhave provided some support! In other words,
€ takes a beating. USD/CAD higher. AUD/NZD down.
EUR/USD: With the break of 1.3708 the triangle scenario was abortedcalling for a slightly premature peak to have been set. Thefollowing violation of 1.3684 has further enhanced theprobability of a top been put in place.
EUR Mid-day Analysis
German economic data overnight wasn’t strong enough to directly extend the early February push up onthe charts in the Euro and the bull camp has to be increasingly concerned about a loss of momentum on thecharts.
EUR Mid-day Analysis
While EU ministers continue to argue against the deflation threat overnight in the headlines, German 4thquarter GDP results seemed to keep the threat of deflation in place,
Germany: Capital spending is back
German GDP rose by 0.4% q/q in the fourth quarter of last year. The best thing about the details published today (see the press release here) was the (semi-) strong increase in spending on machinery and