Tag Archives: EUR
EUR Mid-day Analysis
The Euro has found some support on the charts above the 1.3479 level and that isn’t surprising when oneconsiders that Euro zone data has come in relatively better than data from the US recently.
EUR Mid-day Analysis
With a modest show of positive data overnight, the Euro appears to have found some measure offundamental support on its charts.
Euro area: The heat is on the ECB… again
The heat is on the ECB to ease policy again at this week’s meeting. At the January ECB meeting, Mr Draghi identified two triggers that could prompt new monetary easing:
EUR retreating, USD & JPY advancing.
EUR/USD: The new Friday low didn’t become minor at all as the marketcontinued to trade in a very heavy way. The past days priceaction also made January end
FX: When music stops…
With stock markets at crucial trend support levels, risk sentiment is at risk. Will good news be bad news for the USD?
The Week Ahead in FX
In the week ahead, investors will be keenly anticipating Friday’s U.S. nonfarm payrolls report for January after December’s report showed that the economy added far fewer jobs than expected.
Weekly CFTC Trader Positioning Data
• Risk aversion on the back of EM jitters drove a significant shift in currency positions this week. Investors shifts included short covering in JPY with increased long allocation to gold, EUR and GBP;
EUR Mid-day Analysis
The losses on the Euro chart this week have been significant this week and the economic report flow fromEurope overnight would seem to have left the Euro vulnerable to even more declines ahead.
Euro area: Inflation back to October-lows
Inflation eased in January, matching the low-point of October last year. Thus, the heat is on the ECB to deliver more easing.
The Global Macro Pulse
Markets are closed for the lunar new year holiday in China, Hong Kong, Taiwan, Indonesia, Singapore, Vietnam, and Korea. Elsewhere, sentiment remained generally weak despite the stronger US equity performance in NY trading.
EUR Mid-day Analysis
Despite a favorable Euro zone sentiment reading overnight, the Euro is under pressure due to thestrength in the Dollar,
EUR Mid-day Analysis
Without the looming threat of taper from the US, the Euro would probably be enjoying gains in the wake ofanother impressive German Consumer sentiment reading overnight.