Tag Archives: EUR
Daily FX Update
– USD is weak, retracing some of yesterday’s strength. – Gold’s 15% two session collapse suggest unease with the economic outlook, vulnerable markets & limited ability for the Fed to taper QE.
US Market Analysis
USD: The Dollar could not sustain a recovery from overnight pressure and is posting moderate losses this morning,
FX Ringside
For years we have argued that currencies enjoying strong fundamentals and slightly higher bond yields, such as commodity and Scandinavian currencies should benefit from portfolio inflows.
FX G10/EM Morning Trader Views
EUR – Stuck in a 1.3020/1.3120 range, while risk sells off and commodities get hit. Ultimately happy to sell rallies towards 1.3150 with a stop above 1.3220
Daily FX Update
– USD is strong as gold collapses, China’s growth disappoints and the US Treasury suggests it is monitoring Japan closely.
US Market Analysis
USD: The Dollar was able to rebound, although clearly underperforming the Yen as a safe-haven destination at the start of this week.
Financial forecasts
– FX short term: US figures are expected to soften in Q2 and the Fed will keep QE on, which we have already seen affecting the USD negatively.
FX Daily Strategist: US
A risk-averse start to the week on Chinese data JPY should continue to remain well supported, with the commodity currencies on the defensive following surprisingly weaker Chinese data over Q1.
FX G10/EM Morning Trader Views
EUR – Awash of any real direction or impetus in the headline pair for now, 1.3020/1.3150 framed us for most of last week with lots of bullish recommendations circulating with EURJPY
CFTC: CAD net-short and NZD net-long both in new record highs
Money managers were net-sellers of dollars during the week ending April 9 according to the latest weekly data from the CFTC.
The Week Ahead in FX
The USD tumbled against the JPY after official data showed that US retail sales fell 0.4% in March, the largest decline in nine months and missing expectations for a 0.1% increase.
Bank of Japan easing is a market driver
Market movers ahead – In the US, the housing market will be in focus with the release of the NAHB housing index, building permits and housing starts.