Tag Archives: EUR
CFTC: Dollar still favored as JPY selling picks up again
Money managers were net-buyers of dollars for a third week as selling pressure on CAD, GBP and especially JPY continued.
FX Daily Strategist: Europe
– Deposit levy on Cyprus banks weighed on EUR The bombshell news over the weekend was the bailout of Cyprus. The international lenders agreed to a EUR10bn bailout but with an unprecedented upfront one-off stability levy
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3004 after rate had recovered through the NY session from lows of $1.2911 to $1.3032 as the dollar gave back some of its recent gains,
FX G10/EM Morning Trader Views
EUR – While short eur worked well initially yesterday as we traded to a low of 1.2911 the lack of follow through an subsequent nasty squeeze all the way back above 1.3030 has ensure i cut shorts for now.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.2957, after rate had extended 2013 lows to $1.2924, recovering to $1.2971 before drifting off into the close.
FX G10/EM Morning Trader Views
EUR – So another fail at 1.3070/80, a weaker Italian auction and strong US retail sales led us to an unwind of long eur and eur x positions.
FX Daily Strategist: Europe
– FX markets continue to punish the printers FX markets have continued to punish the printers (JPY, CHF and GBP) but excuse the USD (despite the Fed’s printing press) given improved cyclical data.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3046 after rate had clawed its way to a session high of $1.3054, the rate extending its recovery off Friday’s post NFP lows of $1.2955.
FX G10/EM Morning Trader Views
EUR – Quiet day yesterday that ended by squeezing out weak payrol/italy downgrade shorts from Friday below 1.3000.
Foreign Exchange Flows
Dovish CBs Sold Central bank expectations remain the dominant driver in FX markets. Last week the currencies least preferred were the ones where investors do not expect any sign of ‘stimulus’ withdrawal anytime soon.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3005 after rate had been shoved to lows of $1.2955 on reaction to the strong NFP data. Rate recovered to $1.3017 before drifting off again into the close.
FX G10/EM Morning Trader Views
EUR – A quiet Asia session post Friday’s moves as mkt settles, despite the late attempt at lower as Fitch caught up in downgrading Italy.