Tag Archives: EUR/SEK
US Morning Update
Major overnight headlines: • Italian industrial orders rise 3.2% MoM in May, sharpest increase since January 2011
Short term more dollar weakness
EUR/USD: With a higher low printed yesterday the upside pressure remain in place and as earlier elaborated a corrective peak cannot be put in place with less than a move above 1.3209.
US Morning Update
Major overnight headlines: • Asian & European equities, European sovereign debt broadly weaker ahead of Bernanke
FX G10/EM Morning Trader Views
EUR – Another position cleanse yesterday taking us to 1.3155 in ldn and 1.3174 in ny.
Continued $ correction, €/SEK, €/NOK temporary dips
Dollar correction took another step yesterday and is probably not yet completed (we’ll see after today’s US hearing and report).
FX G10/EM Morning Trader Views
EUR – Shrugging off the 3rd dip to the 1.2980/1.30 area yesterday, eur opens up back above 1.3080 in ldn – Right now,
AUD short squeeze underway
A lacklustre market yesterday with few if any directional clues given. EURUSD a double downside spike however points at a buy the dip behaviour hence upside risk on the rise,
US Morning Update
Major overnight headlines: • Chinese GDP rises 7.5% YoY in Q2, matching expectations; other June data mixed overall
FX G10/EM Morning Trader Views
EUR – Start of a busier week this week after the flush out of positioning wed/thurs killed momentum into end of friday.
€ remain firm despite surging Portuguese bond yield
The common currency starging the week on a firm bias despite a 57bps surge in Portuguese 10y yield on Friday and a downgrading of France.
US Morning Update
Major overnight headlines: • China’s finance minister signals government may accept growth below 7.0% annually,
FX G10/EM Morning Trader Views
EURUSD – 1.30 held nicely yesterday on the dip as the mkt still in cover mode for short positions mode into the weekend.