Tag Archives: EUR
EUR Mid-day Analysis
The inability to hold above the 50 day moving average last week and the initial weakness this morningfavors the bear case. With somewhat slack Euro zone data overnight and
The Week Ahead in FX
In the week ahead, the Fed is to publish the minutes of its December meeting on Wednesday, while the U.S. jobs report for December is scheduled to be released on Friday.
EUR Mid-day Analysis
The March Euro held support at 1.3625, and it has managed to temporarily bounce off of 50-day movingaverage, which comes in down at 1.3626 today. In-line PMI numbers provided little in the way of fresh supportyesterday and
EUR Mid-day Analysis
With a gap down failure on the charts, weak European equities and lingering talk of additional US taperingearly in 2014 leaves the path of least resistance is pointing downward in the Euro.
Euro area: Slow recovery in manufacturing is on track
Today’s final PMI data for the manufacturing sector for December confirmed 1) that the slow recovery of the Euro-area economy is on track; 2) that Spain and Italy are making progress and 3) that France continues to struggle.
EUR Mid-day Analysis
With few fresh developments from a region already in pre-holiday mode, the Euro is seeing significantlong liquidation pressure early in today’s trading. Near-term ECB rate cuts appear to be off the table for now and
EUR Mid-day Analysis
Friday’s collapse from multi-year highs may have rattled sentiment going into this week’s trading, but theEuro is clearly finding benefit from positive developments over the weekend.
The Week Ahead in FX
In the week ahead trading volumes are expected to remain light, with many markets closed for the New Year’s holiday. Meanwhile, China is to release closely-watched data on manufacturing activity,
EUR Mid-day Analysis
A surprisingly strong French PPI reading has provided some fresh fundamental support, but it has beenthe positive developments over recent weeks that are doing the heavy lifting for the Euro this morning,
EUR Mid-day Analysis
While much of the region still remains on holiday, the Euro has been able to find moderate early supportthis morning. Risk appetites may be subdued coming out of the holiday break,
EUR Mid-day Analysis
Positive developments in the region and a modest “risk on” vibe in global markets has helped the Eurohold its ground well above last Friday’s lows, but the market may be looking for a fresh catalyst in order for
EUR Mid-day Analysis
Although it appears to have put in a near-term floor with last Friday’s reversal, the Euro is having difficultywith building onto this morning’s modest early gains.