Tag Archives: EUR
FX G10/EM Morning Trader Views
EUR – Eur did a lot of work yesterday on a 1.30 handle, but after the early LDN dip never really looked like it would revisit the early morning lows at 1.3018.
FX Daily Strategist: Europe
– Italian uncertainty weighs on EUR, but low investor positioning may limit the fallout The Italian post-election uncertainty continues to weigh on market sentiment. Italian 10y bond yields traded near 4.9% (from 4.3% before the elections),
Plenty of potential market movers this week
Just before the end of last year it seemed markets had reverted to a pre-crisis mood involving limited activity and low volatility.
FX Daily Strategist: US
– JPY prone to short-covering rally on broader risk-reduction Given that uncertainty can remain with us for the next few weeks depending on whether a grand coalition could be formed (more below), EURUSD could remain under pressure.
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.3077 after rate had been pressured off session highs of $1.3319 to $1.3048 on reaction to the Italian election results.
FX G10/EM Morning Trader Views
EUR – So full disappointment in the Italian elections for mkts leads to general cutting of major risk positions in eur and eur x’s – with eurjpy leading the charge (down 5%)
Italian politics: The USD will have last laugh
In general, everything that has happened will tend to play USD positive on a multi-month basis, to the extent that individual negative currency fundamentals related to the JPY, GBP and CAD have not changed,
FX Daily Strategist: Europe
– EUR to remain vulnerable on Italian election gridlock The EUR’s sold off sharply after the votes counted for the Italian elections depicted a different outcome from the initial exit polls.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3194 after recovering off a session low of $1.31445, opening Wellington at $1.3177 before the recovery extended in early dealing to $1.3235.
FX G10/EM Morning Trader Views
EUR – After opening in Asia with a squeeze clearing the book of stops topside to 1.3240, assisted in no small part by eurjpy demand, we have settled back down into 1.3190/30 range.
CFTC: Widespread dollar buying – MXN now the most preferred
Money managers and other speculative traders were net buyers of the dollar against all eight IMM currency futures, apart from NZD, during the week ending February 19.
FX Daily Strategist: Europe
– Italian elections loom; we expect a EUR recovery The EUR has been trading with a softer tone ahead of Monday’s Italian election result, with investors perceptive to the risks surrounding the elections and the possibility of a hung parliament outcome.