Tag Archives: GBP
ECB to dig further in the toolbox
Market movers ahead – US consumers are back in focus. Retail sales should continue at decent pace in March.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.2931 after rate had bounced aggressively off initial Draghi react lows of $1.2745 to $1.2949, consolidating this recovery into the close.
Mid-Day FX Market Analysis
EUR – Closed in NY Wednesday at $1.2844 after rate had recovered off intraday lows of $1.2790 to $1.2864 before settling back into the close.
Mid-Day FX Market Analysis
EUR – Closed in NY Tuesday at $1.2820 after rate had been pressed to eventual intraday lows of $1.2808 before recovering to $1.2827 ahead of the close.
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.2842 after rate had extended recovery highs to $1.2868 following the release of weaker than expected US ISM data.
CFTC: AUD buying continues and GBP net-short hits 23-month high
Money managers were net sellers of dollars for the first time in nine weeks during the week ending March 26, primarily due to continued strong buying of AUD,
The Week Ahead in FX
The USD was steady against the other major currencies in quiet trade on Friday with many markets closed for the Easter holidays, as better-than-forecast US data supported the dollar.
Mid-Day FX Market Analysis
EUR – Closed in NY Wednesday at $1.2780 after recovering off a low of $1.2750 to $1.2790, with corrective pullbacks ahead of the close contained by $1.2765.
Mid-Day FX Market Analysis
EUR – Closed in NY Tuesday at $1.2860 after rate had experienced a violent swing from lows of $1.2828 to $1.2890, eased to $1.2842 before recovering into the close.
FX G10/EM Morning Trader Views
EURUSD – Choppy would be an understatement but the trend remains to the downside. Long term and corporate buying slows the move and i expect this to continue but bias is still for lower.
EURUSD mulls new lows
EURUSD traded at new four-month lows this morning, even as an official statement tries to take back Dijsselbloem’s ill-advised comments on Cyprus from Monday.
FX Ringside
Once again we are reminded of the huge challenges facing Europe trying to transform an imperfect currency union into a sustainable project.