Tag Archives: EUR
EUR Mid-day Analysis
While the Euro has managed to bounce off the prior session’s lows overnight, the charts in the Euro don’tappear to have improved technically.
EUR Mid-day Analysis
Technical damage on the Euro charts overnight would seem to set the stage for more downside actionahead, especially if US data later this morning shows even minimally positive results.
EUR Mid-day Analysis
Another higher high for the move in the Euro was probably the result of the better than expected Eurozone Industrial production result from November.
EUR Mid-day Analysis
The Euro wasn’t able to extend its upward track from last Friday straight away this morning and that hasto be discouraging to the bull camp.
The Week Ahead in FX
In the week ahead, investors will be closely watching U.S. data on retail sales, inflation and consumer sentiment, as well as speeches by two Federal Reserve officials on Tuesday. U.K. data on retail sales and inflation will also be in focus.
Weekly CFTC Trader Positioning Data
Investors pared exposure to European currencies heading into key US & ECB events, reducing net long positions in EUR, GBP and CHF. Meanwhile, JPY, CAD and AUD continue to be held net short.
EUR Mid-day Analysis
The Euro has rebounded slightly to start today but that might be positioning balancing ahead of thepayrolls and not a fresh bullish focus by the trade. We have to think that the trend is set to remain down in theEuro,
Euro area: ECB – dovish, but not more than in December
The ECB met widespread expectations of a fairly uneventful January Governing Council meeting. The Governing Council left key rates unchanged and by and large delivered an unchanged statement compared with the December meeting.
EUR Mid-day Analysis
The Euro bulls have to be relieved that the Euro isn’t under a fresh washout move on the charts again thismorning. With the press and many officials seemingly pressing the ECB to
EUR Mid-day Analysis
ro zone data released overnight was somewhat countervailing but it was apparently accepted asbearish by the trade as the Euro is approaching the January lows early in the Wednesday trade.
ECB preview: Still pressure from low inflation
Euro inflation has declined again and core inflation is at an all-time low. This addspressure on the ECB to ease further, but we expect it to refrain from cutting rates atthe meeting in January, even though it is likely to discuss a deposit cut.
EUR Mid-day Analysis
As suggested already, the Euro has seen a mixed bag of economic news flow overnight, with supportiveGerman employment news offset by a contraction in Euro zone PPI figures.