Tag Archives: EUR
EUR support despite ECB cut looming in the horizon
In Italy Prime Minister Enrico Letta yesterday presented the new government’s programme and it does appear to be a shift towards less fiscal austerity.
Economic developments adding to Riksbank headache
So far this year, SEK has been the one of the strongest performing G10 currencies. According to our own flow data and SEK Views survey mainly foreign investors have bought the SEK,
FX Technical Volume Strategy: Europeans support the Euro
– With Asia out on holiday, volumes have dropped into the 3rd quartile.
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.3100 after pivoting around this level within a $1.3077- 1.3117 range.
FX G10/EM Morning Trader Views
EUR – Stays supported above 1.3070 in Asia although still struggling to gain much traction on spikes above 1.3110 for the time being – Month end today before European holiday and
Germany: Jobless rate at 6.9% in April
The unemployment rate was unchanged at 6.9% in April, remaining for the seventh month in a row near its lowest level in more than twenty years.
FX Daily Strategist: Europe
Cyclicals continue to turn against USD The USD is trading on the defensive at the start of a pivotal week for the US economic and monetary policy outlook.
Pre-ECB: Pressure increases to do more
We expect the following outcome to the ECB’s May meeting: 1. An accommodative ECB monetary policy stance
US Market Preview
USD: The Dollar is finding significant pressure to start out the new trading week, and is likely to remain squarely on the defensive throughout today’s trading session.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3030 after rate had recovered off intraday lows of $1.2991, the dollar under pressure following the release of softer than forecast US Q1 GDP data.
ECB preview: No rate cut
Markets have once again started pricing in some risk of a rate cut and many analysts changed their view after last week’s numbers.
CFTC: AUD longs and JPY shorts scaled back
Hedge funds were small net buyers of dollars during the week ending April 23 as selling of AUD and EUR more than offset buying of JPY and CHF.