Tag Archives: EUR
ECB Preview: The end of monetary easing
• The likelihood of a deposit rate cut at the upcoming ECB meeting is close to nil and the chance that the ECB will move to negative rates at a later stage is very small.
US Morning Update
Major overnight headlines: • Nikkei slumps more than 5.0% as JPY strengthens, 10-year JGB yield lower on the day though • BoJ says long-term JGB purchases in June to total around 7.0 trillion, but amount can be adjusted, Thomson Reuters
Mid-Day FX Market Analysis
USD: The Dollar followed through on yesterday’s severe turnaround with a downside breakout during overnight trading,
Eurozone economic sentiment readings and US QI GDP the main interest today
German CPI inflation rebounded a little more strongly than expected in May rising to 1.7% YoY from 1.1% YoY.
Mid-Day FX Market Analysis
USD: The Dollar was unable to follow-through on overnight strength this morning, and has drifted back into negative territory and
German unemployment rises
German unemployment soared for a third straight month in May, yet the economy is still expected to recover earlier than other euro area nations.
FX G10/EM Morning Trader Views
EUR – Still dancing around in the range – yesterdays fail at 1.2950 area topside, with supply from rm/spec accounts – pre-empted the sell off post US consumer confidence data,
Markets correct on expected Fed policy changes
Last week saw a substantial correction in equity markets, particularly in Japan. Although according to several press comments,
Mid-Day FX Market Analysis
USD: The Dollar has started out this holiday-shortened trading week with modest gains, and has moved closer to the midway point of last week’s volatile trading range.
FX G10/EM Morning Trader Views
EUR – Continues to chop about in this 1.28/1.30 range, with RM/Lev selling the last times we traded to 1.2980/00 lvl while corp names remain buyers on dips to 1.28/1.2830.
FX Morning Rundown
Asian equities are trading mostly higher helped by the positive lead from the Stoxx600 which closed near the day’s highs of +0.33% yesterday.
FX Quant and Positioning Weekly
Speculators loading up on short EUR contracts Price based indicators • FX-O-meters: AUD/USD down and EUR/AUD up are the strongest trends but also the most stretched currency pairs.