Tag Archives: EUR
CFTC: Cyprus news trigger EUR selling, JPY buying
The main news from last week was undoubtedly the news from Cyprus and it triggered a major round of position adjustments in the speculative positions held by money managers in IMM currency futures.
The Week Ahead in FX
The euro gained ground against the dollar as political leaders in Cyprus prepared to pass legislation to restructure the country’s banking sector and impose capital controls.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.2900 after rate had moved backwards and forwards through $1.2900 a few times during the session,
FX Daily Strategist: US
– GBP may squeeze higher, but bounce to 1.53-1.54 should be contained Sterling has been supported by a rebound in retails sales in Feb with the headline reading jumping 2.1% m/m vs. market expectations of +0.4.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.2934 after rate recovered through the NY session to a high of $1.2979 before drifting off into the close.
FX Daily Strategist: Europe
– EUR: headline risk but limited contagion EURUSD has been consolidating around 1.2930-60 with sentiment shifting towards expectations of a constructive solution to the Cyprus crisis.
FX Daily Strategist: US
– EUR vulnerable as options for Cyprus are discussed; weakness ultimately a buying opportunity EURUSD has sustained a rebound off Tuesday’s four-month low of 1.2850 after the Cypriot parliament voted “No” to the proposed bailout plan.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.2873 after rate had been shoved to lows of $1.2844 following the Cypriot Parliament rejection of the Troika bank deposit levy,
FX Daily Strategist: Europe
– EUR vulnerable for now but ultimately a buying opportunity EURUSD fell below 1.2850 (a four-month low) as the Cypriot parliament rejected the bank deposit levy bill but partially recovered to around 1.2890 after the ECB said it will continue providing liquidity to the banking system “as needed within the existing rules”.
Are there any consensus trades out there?
Throughout the first quarter of this year, FX markets finally produced some strong trends and with them also better trading opportunities for investors.
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.2955 after recovering off a late NY session pullback of $1.2924 as the market reacted positively to a Eurogroup suggestion to take small bank depositors in Cyprus out of the bail-in levy,
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3076 after recovering off a US session low of $1.3046. The decision to penalise Cypriot bank depositors, as part of the Troika bail-out terms for Cyprus,