Tag Archives: EUR
FX Daily Strategist: Europe
ECB, rather than Portugal, is the main threat to the EUR With the US markets closed for Independence Day holiday today, the focus shifts to ECB and BOE meeting.
EUR Technical Outlook
EUR (SEP): Daily stochastics are trending lower but have declined into oversold territory.
Mid-Day FX Market Analysis
USD: A strong set of economic data released yesterday along with a moderate “risk off” tone this morning has helped to push the USD just above the key 85.53 level
FX G10/EM Morning Trader Views
EUR – Edging lower with general usd eventually – positive for eur bears now that we finally broke and held below the daily cloud top at 1.2990,
Portugal: Political crisis and next steps
Portugal: Political crisis and next steps Following the resignation of influential FM Vitor Gaspar and the appointment as new FM of Secretary of State for the Treasury Maria Luis Albuquerque,
Mid-Day FX Market Analysis
USD: The Dollar has found its footing after a subdued overnight session, but is still lacking enough upside momentum to climb up beyond last week’s highs and
The Global Macro Pulse
After weakening overnight, the USD has regained ground against the AUD and traded flat against the EUR.
EUR Technical Outlook
Momentum studies are still bearish but are now at oversold levels and will tend to support reversal action if it occurs.
US Morning Update
Major overnight headlines: • BoJ Tankan (Q2) Large Manufacturing Outlook Index at 10 versus 7 expected, -1 previously; highest since Q1 2008
Mid-Day FX Market Analysis
USD: The Dollar is finding moderate pressure at the start of the new trading week, although prices have kept within a fairly tight trading range near last Friday’s high for the move.
FX G10/EM Morning Trader Views
EUR – Strong month end in general for the usd and eur no exception with another attempt at 1.2990 area (daily cloud top)
NZD and MXN positioned at one-year lows last week, USD unchanged
Hedge funds made only small changes to their IMM currency positions during the week ending June 25, according to the latest data from the US Commodity Futures Trading Commission.