Tag Archives: EUR
The Week Ahead in FX
In the week ahead, investors will be awaiting the outcomes of policy meetings by the Federal Reserve and the ECB, as well as Friday’s closely watched report on US nonfarm payrolls.
FX SENTIMENT REPORT
– Traders continue to hold a net long USD position of $16.6bn, with short positions in CAD, JPY, EUR and GBP and long positions in AUD, NZD, MXN and CHF.
The Week Ahead
– Two-day meeting concludes on Wednesday but the meeting is intermediary and will not be followed by press conference or new updated forecasts
US Market Preview
USD: The Dollar is finding mild pressure this morning, but has been able to hold onto a large portion of yesterday’s sizable recovery from weekly lows.
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3011, the rate having been pressured off intraday highs of $1.3094 on reported macro flow,
FX G10/EM Morning Trader Views
EUR – Choppy best way to describe it – we squeezed yesterday enough to take people out of shorts but again failed at that 1.3090/1.31 region for the full reverse on eurgbp selling from RM and
FX Daily
Markets overnight At the Bank of Japan (BoJ) meeting that ended early this morning the BoJ kept the pledge to double the monetary base in two years.
US Market Preview
USD: The Dollar has been under pressure throughout the overnight session, and at this point has given back all of this week’s early gains.
J. Asmussen: Interest rate cut would not be effective
European Central Bank Executive Board member Joerg Asmussen said an interest rate cut by the ECB would not be effective to euro-area.
Mid-Day FX Market Analysis
EUR – Closed in NY Wednesday at $1.3014, having recovered off Ifo react lows of $1.2955 to $1.3034,
US Market Preview
USD: The Dollar was unable to sustain an early move up to 21/2-week highs and is finding moderate pressure coming into this US morning’s trading.
IFO survey further down
In April, the IFO business climate index fell for the second month in a row (to 104.4, after 106.7 in March). It was due to a fall in both the current situation and expectations indices.