Tag Archives: EUR
US Morning Update
Major overnight headlines: *French 1q ILO unemployment rate rises to 10.8% vs 10.5% *ECB says banks borrowed eu23.0 mln at marginal rate
Mid-Day FX Market Analysis
USD: The Dollar could not sustain an overnight rebound, and has now fallen to a fresh 4-week low coming into this morning’s session.
EUR-crosses Look Beautiful
It has fallen under the radar. But another story in the making this year is euro outperformance against all G10 FX despite dollar strength.
ECB action unlikely as data improves
Bottom line: Since the European Central Bank cut its main refinancing rate by 25 basis points to 0.50 percent on 2 May data has generally been better than expected,
ECB press conference centre stage today…
Main event of the day today will inevitably be the ECB meeting and Mr. Draghi’s press conference. The ECB will today publish its new growth and inflation forecasts,
Mid-Day FX Market Analysis
USD: The Dollar was able to shake off overnight pressure and return to unchanged levels this morning,
FX G10/EM Morning Trader Views
EUR – Still in this 1.3030-1.3110 range – yesterday good lev/spec selling into 90/00 met with similar buying at 1.3040-50 below from corp/rm.
US Morning Update
Major overnight headlines: • Japan PM Abe plans special economic zones in third arrow of his econ revitalization plan • Japan Fin Min Aso raises possibility of market frictions with BOJ’s bold easing
Mid-Day FX Market Analysis
USD: The Dollar has been able to extend Monday’s bounce from 31/2-week lows with some moderate gains this morning,
FX G10/EM Morning Trader Views
EUR – Whippy mkt yesterday with Spec names early sellers despite stronger European PMI’s taking us down to that 1.2950 support
Euro area: Expect less drag from fiscal policy
Tight fiscal policy by way of spending cuts and tax increases is one of the key reasons why the Euro area struggles to get out of recession.
Mid-Day FX Market Analysis
USD: The Dollar is finding moderate pressure at the start of the new trading week, although it survived an early retest of last Thursday’s downside breakout lows.