Tag Archives: EUR
US Morning Update
Our expected 1.1025-1.1075 range yesterday was breached on the topside for more than one reason, as is generally the case in FX. We suspect that some F&C-related flow was partially to blame: either ‘real’ or ‘speculative’.
EUR Mid-day Analysis
The Euro is fighting a recovery in the Dollar this morning and news of an improvement in Italian consumersentiment and an abatement of emerging market fears have done little to cushion the Euro against downsidelosses on the charts.
EUR Mid-day Analysis
While the Euro has started out a touch weaker, German Ifo Business survey readings should provide theMarch Euro with a layer of fundamental support.
Germany: Growth picks up
The Ifo index for January increased by more than we and consenus expected, driven by both current conditions and expectations. We expect German GDP growth to accelerate to 0.4% q/q in Q1 – and it might be more.
The Week Ahead in FX
In the week ahead, Wednesday’s outcome of the Federal Reserve’s monthly meeting will be in focus amid expectations for a reduction to USD65 billion from the current USD75 billion in the bank’s stimulus program.
EUR Mid-day Analysis
Another higher high for the move and the highest trade since December 31st leaves the bull camp incontrol of the Euro. The market is close to filling a gap left in December and it might be difficult to
EUR Mid-day Analysis
Euro zone PMI data has provided the Euro with a distinct lift and with a climb back above the 50 daymoving average in the March Euro this morning it is possible that a measure of technical stop loss buying will beseen in the Euro today.
EUR Mid-day Analysis
The Euro continues to see deflationary concerns surface and that sentiment leaves the bear camp incontrol. As suggested in Dollar coverage this morning, the Euro might be temporarily vulnerable,
EUR Mid-day Analysis
Undermining the Euro this morning is somewhat slack German ZEW January expectation readings. TheEuro is also seemingly indirectly under residual pressure from wide held expectations for the Fed to
The Week Ahead in FX
In the week ahead, investors will be awaiting monetary policy decisions by the Bank of Japan and the BoC. China is to release data on fourth quarter growth as well as a closely watched report on manufacturing activity.
Weekly CFTC Trader Positioning Data
• Shifting investor sentiment away from the European currencies is the key theme this week, as the CHF position has shifted to net short—typically a bearish signal—alongside a continued modera-tion in
EUR Mid-day Analysis
In addition to a slightly positive start in the Dollar, the Euro is seeing some fresh fundamental pressurefrom rising concerns toward bad loans in Spain and signs that the French economy is destined to