Tag Archives: GBP
FX Daily Strategist: Europe
– EUR vulnerable for now but ultimately a buying opportunity EURUSD fell below 1.2850 (a four-month low) as the Cypriot parliament rejected the bank deposit levy bill but partially recovered to around 1.2890 after the ECB said it will continue providing liquidity to the banking system “as needed within the existing rules”.
FX Daily Strategist: US
– Cypriot vote uncertainty keeps EURUSD rangebound The market’s focus should remain firmly on Cyprus as uncertainty over the details of the bank deposit levy plan continues to linger.
Are there any consensus trades out there?
Throughout the first quarter of this year, FX markets finally produced some strong trends and with them also better trading opportunities for investors.
Mid-Day FX Market Analysis
EUR – Closed in NY Monday at $1.2955 after recovering off a late NY session pullback of $1.2924 as the market reacted positively to a Eurogroup suggestion to take small bank depositors in Cyprus out of the bail-in levy,
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3076 after recovering off a US session low of $1.3046. The decision to penalise Cypriot bank depositors, as part of the Troika bail-out terms for Cyprus,
CFTC: Dollar still favored as JPY selling picks up again
Money managers were net-buyers of dollars for a third week as selling pressure on CAD, GBP and especially JPY continued.
FX Daily Strategist: US
– GBP in a short squeeze; Upper House approves all 3 BoJ nominations GBP has seen a sizeable bounce above 1.5100, which we suspect has been primarily driven by the market’s overextended short positioning.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3004 after rate had recovered through the NY session from lows of $1.2911 to $1.3032 as the dollar gave back some of its recent gains,
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.2957, after rate had extended 2013 lows to $1.2924, recovering to $1.2971 before drifting off into the close.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3046 after rate had clawed its way to a session high of $1.3054, the rate extending its recovery off Friday’s post NFP lows of $1.2955.
Foreign Exchange Flows
Dovish CBs Sold Central bank expectations remain the dominant driver in FX markets. Last week the currencies least preferred were the ones where investors do not expect any sign of ‘stimulus’ withdrawal anytime soon.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3005 after rate had been shoved to lows of $1.2955 on reaction to the strong NFP data. Rate recovered to $1.3017 before drifting off again into the close.