Tag Archives: EUR
FX Daily Strategist: Europe
– USD supported by dovish central banks This week brings about the February nonfarm payrolls report on Friday; we see a trend-consistent gain of 160k, with the unemployment rate unchanged at 7.9%.
CFTC: Dollar buying jumps the most in more than five years
Speculative traders in IMM currency futures were major buyers of dollars during the week ending February 26.
FX Market Week Outlook
The USD was broadly higher against the other major currencies on Friday as upbeat US data fuelled expectations for an early end to the Federal Reserve’s easing program,
FX Daily Strategist: US
– GBP under pressure ahead of likely BoE QE next week The USD is slightly better bid across the board as the market tone shifts towards a more risk-averse attitude.
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3056 after it had been pressed to session lows of $1.3053 on the negative Wall street close.
FX G10/EM Morning Trader Views
EUR – So after the painful squeeze yesterday in Asia, eurusd is resold into the month end and we open today back around the Asia lows.
FX Daily Strategist: Europe
– EUR under pressure from ECB rate cut hopes The EUR continue to trade just above 1.3050 as dovish ECB expectations outweigh some further compression in the Italian-German 10Y spread (330bps vs. 345bps Tuesday).
Mid-Day FX Market Analysis
EUR – Closed in NY Wednesday at $1.3133 after rate had extended its recovery through the session to an eventual high of $1.3148,
FX G10/EM Morning Trader Views
EUR – Its month end day and mkt, myself included, caught short from the failure to break the 1.2990/1.30 area in the last couple of days.
FX Daily Strategist: Europe
– EUR to remain focused on bond yield spreads Italian post-election uncertainty is persisting with the Five Star Alliance leader Beppe Grillo rejecting calls by the PD leader Pier Luigi Bersani to back a coalition.
FX Daily Strategist: US
– Political uncertainty keeps EUR heavy despite better Italian auction Post-Italian election uncertainty has seen EUR trade heavily, with EURUSD unable to recover beyond 1.3120 (yesterday’s cap) despite a better Italian bond auction.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3063, after rate had seen lows of $1.3037, with moves through Fed Bernanke’s testimony mainly driven by euro-yen reaction.