Tag Archives: EUR
FX Daily Strategist: Europe
USD and JPY could receive safe-haven bid today The USD should receive a safe haven bid driven by re-rating of Chinese growth prospects and Bernanke’s Q/A comments.
Mid-Day FX Market Analysis
USD: The Dollar has already shown some corrective anticipation in advance of the Fed testimony today.
FX G10/EM Morning Trader Views
EUR – Remains the most resistant to USD strength for the time being as we see from rally in eur x’s.
Mid-Day FX Market Analysis
USD: The dollar appears to be back in vogue today as a quasi risk off day seems to be in the offing. In additional to mixed global equity market action,
FX G10/EM Morning Trader Views
EUR – Wave of general usd selling yesterday led to a further squeeze in eur after we failed to get back below 1.2830 in LDN yesterday.
Mid-Day FX Market Analysis
USD: The Dollar has fallen back from last week’s spike high because of a minor bounce in the Yen and perhaps because of a slight increase in global economic optimism,
FX G10/EM Morning Trader Views
EUR – After the break below this 1.2840/50 area on Friday to that new low at 1.2796 we have settled down in Asia.
CFTC: Dollar long jumps the most since March -AUD and EUR sold
Hedge funds reacted to the positive sentiment towards the dollar during the week ending May 14,
The Week Ahead in FX
In the week ahead investors will be focusing on Wednesday’s Federal Reserve minutes, as well as testimony on the economic outlook and monetary policy by Fed Chairman Ben Bernanke.
Weekly Economic & Financial Commentary
Eurozone Remains in Recession – Real GDP in the Eurozone fell for the sixth consecutive quarter in Q1-2013, and some large economies, notably, Spain and Italy, continue to contract at an alarming rate.
FX SENTIMENT REPORT
• The net USD long position increased to $25bn reflecting the current bullish environment. CAD, AUD, EUR, GBP, CHF and JPY are not only held net short,
Mid-Day FX Market Analysis
USD: The Dollar continues to build upon yesterday afternoon’s turnaround, and is now back within striking distance of reaching new high ground by the close of this week’s trading.