Tag Archives: EUR
FX Market Week Outlook
The EUR extended losses into a second day on Friday after ECB chief Mario Draghi said the bank would closely monitor developments in the markets to see if the stronger euro had an effect on the inflation outlook.
FX Daily Strategist: US
– EUR to consolidate lower, but not because of Draghi The EUR has been under pressure after the ECB announcement. As the market increased its confidence ahead of the meeting that Draghi may not mention the EUR as a factor at all,
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3396 after rate had been sold off to $1.33705 on market reaction to ECB Draghi comments mentioning recent euro strength.
FX Daily Strategist: Europe
– EUR down but far from out after the ECB The EUR has been under pressure after the ECB announcement. The accompanying statement by ECB President Mario Draghi repeated than risks to price stability were broadly balanced but added the reference to the EUR appreciation as the downside risk to the outlook.
Mid-Day FX Market Analysis
EUR – Closed in NY Wednesday at $1.3523, the rate having extended its corrective pullback off Wednesday’s Asian highs of $1.3597 to $1.3496, recovering to $1.3544 before easing again into the close.
FX G10/EM Morning Trader Views
EUR – Finally ECB day is upon us and after some big volatility on the week for eur and eur x’s we sit comfortable for now on a 1.35 handle.
FX Daily Strategist: Europe
– ECB could offer a EUR buying opportunity EURUSD has been trading within the 1.3450-1.3650 range going into a very busy European event calendar today.
Mid-Day FX Market Analysis
EUR – Closed in NY Tuesday at $1.3580, off late Europe highs of $1.3598 that was seen after rate had spiked higher on a story suggesting current strength of the euro will not effect Thursday’s ECB rate decision.
FX Daily Strategist: US
– JPY under pressure with current BoJ Governor to exit earlier The mood has improved in the European session following stronger readings on euro zone (and UK) service PMIs.
SEK enters the Riksbank equation
Financial markets have rapidly bought the euro as investors substantially increase exposure to undervalued European assets following sharp falls in risk premiums.
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.3515, the rate having continued its corrective pullback off Friday’s post US payrolls highs of $1.3711 through Monday’s session as markets pared longs on political concerns in Spain and Italy.
FX Daily Strategist: Europe
– EUR to correct further before resuming rally The EUR correction is in full swing as headlines from Spain and Italy are leading to some upward pressure on the Eurozone risk premia.