Tag Archives: EUR
FX Daily Strategist: US
EUR softer following some widening in peripheral spreads; EcoFin meeting in focus EUR is trading with a slight soft bias on a number of crosses (EURGBP, EURJPY, EURCHF) while euro zone equity markets are in the red led by financials.
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3102 after rate had pulled back following a second rejection from the $1.3138 level,
FX Daily Strategist: Europe
Fade the EUR headline risk EURUSD is trading around 1.3100 ahead of today’s meeting of euro area finance ministers that is expected to finalize the deal for Cyprus.
FX Daily Strategist: Asia
Play the G10 monetary divergence via long AUDJPY FX markets remain predominantly focused on the JPY as USDJPY trades within a few ticks of the key 100.00 level.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3073 after rate had recovered off pullback lows of $1.3053, having seen extended highs of $1.3122 earlier in the session.
FX Daily Strategist: Europe
– Weaker JPY trend to persist USDJPY is inching closer to the 100 level, while JPY crosses continue to perform strongly (EURJPY at early 2010 highs, AUDJPY close to pre-crisis 2007 peaks).
FX G10/EM Morning Trader Views
EUR – Exactly the same as yesterday but with no FED minutes to look forward to. Volumes are decreasing and ranges contracting.
FX Daily Strategist: US
– Fade the FOMC minutes, sell the USD vs. commodity bloc Tonight’s FOMC minutes release will almost certainly sound hawkish as they had done in January in February, with most of the US data having surprised positively on the month.
Mid-Day FX Market Analysis
EUR – Closed in NY Tuesday at $1.3082 after rate had bounced off pullback lows of $1.3029 to push above $1.3100, marking highs of $1.3103 before drifting off into the close.
FX G10/EM Morning Trader Views
EUR – The price action yesterday was death by a thousand cuts, with low volume and a slow stuttering squeeze. We ran out of steam rather than ran into supply at around 1.3100 and
FX Daily Strategist: Europe
– USDJPY – a breather before new highs USDJPY has been consolidating but the dip below 99.00 proved to be relatively short-lived and we still believe that the test of 100 is in the cards over the coming days.
FX Daily Strategist: US
– USD reaction to slightly dovish Bernanke hints of extended USD positioning Slightly dovish comments from Bernanke overnight led to a 50-pip rally in EURUSD and weakness in several USD/Asia pairs during the Asian session.