Tag Archives: EUR
US Market Preview
USD: The Dollar was able to shake off overnight pressure and post a modest gain this morning, although trading has been fairly subdued after last week’s significant volatility.
Mid-Day FX Market Analysis
EUR – Opened heavy in thin European trade and made a show under $1.3100, flushing stops to print a low of $1.3093.
G10 FX financial scorecard
– This week the scorecard recommends buying JPY, GBP, USD and selling AUD, SEK, NZD.
CFTC: JPY net-short reduced again ahead of resistance
Hedge Funds only made some small adjustments to their IMM currency futures positions during the week ending April 30.
The Week Ahead in FX
In the week ahead, investors will be watching interest rate decisions by the Reserve Bank of Australia and the Bank of England.
FX SENTIMENT REPORT
– There were very few changes this week as the market was likely hesitant to make significant positioning shifts leading into the FOMC, ECB and nonfarm payrolls.
US Market Preview
USD: The Dollar is finding moderate pressure this morning but has held onto a sizable portion of yesterday’s sharp recovery rally in front of today’s trading session.
Foreign Exchange Outlook
The USD has entered a period of retracement, weakening against most currencies in April (except the JPY),
ECB cuts refi rate, opens door to negative deposit rate
The ECB cut its refi rate by another 25bps to 0.5%, a new record low. The move was the first easing of monetary policy since July 2012.
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3059 after rate had seen a whippy reaction to the ECB 25bp refi rate cut,
FX G10/EM Morning Trader Views
EUR – After yesterdays choppy trading the take away is that they did discuss negative rates and would use if necessary and deal with the consequences