Tag Archives: EUR
ECB: Cuts refi rate by 25bps
As expected, the European Central Bank went forward with its first rate cut since July 2012,
US Market Preview
USD: The Dollar appears to have found some footing after six straight losing sessions, but still has a long way to go in order to fully recover from this current downdraft.
Mid-Day FX Market Analysis
EUR – Closed Wednesday’s NY session at $1.3183 having bounced off initial FOMC react lows of $1.3169 to $1.3224 before drifting off into the close.
FX G10/EM Morning Trader Views
EUR – The day we have all been waiting for has arrived ‘ECB’ – all our stops taken out or disappeared from book as they went to mkt after the extension above 1.32 to 1.3243 new high.
ECB better ease or else – EURUSD set for 1.3000 test again
ECB preview Assuming an interest rate cut is a given, it’s all about the possibility of other measures to support credit to SME’s in the EU from the ECB today.
Risks skewed to strength around ECB
EUR: Risks skewed to strength around ECB The ECB is widely expected to cut the refi rate by 25b bps at its May meeting.
US Market Preview
USD: The Dollar is finding moderate pressure this morning and has already reached a fresh 2-month low.
Mid-Day FX Market Analysis
EUR – Closed in NY Tuesday at $1.3165 after the euro took advantage of a data weakened dollar, as well as pre FOMC positioning, to push to session highs of $1.3186,
FX G10/EM Morning Trader Views
EUR – As much as the mkt is trying to maintain a short into the ECB tomorrow, month end eur demand, fears over weaker US data,
EUR ignores plunge in CPI inflation, sell in May?
The flash estimate of Eurozone CPI inflation dipped more than expected to 1.2% YoY in April. This was a low since February 2010.
US Market Preview
USD: The Dollar has been able to shake off overnight pressure and post modest gains this US morning, although upside momentum has been limited at
Euro Zone: Inflation down to 1.2% in April
Inflation surprised on the downside in April. According to Eurostat’s figures released this morning, inflation declined to 1.2%, its lowest rate since early 2010.