Tag Archives: GBP
FX G10/EM Morning Trader Views
EUR – Range bound for much of yesterday and o/n in Asia – We managed to stay below that 1.3430 zone yesterday despite comments from Weidman suggesting that eur strength isn’t an issue.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3370, having extended its corrective pullback to $1.3353 during the session, before performing a slight recovery into the close.
FX G10/EM Morning Trader Views
EUR – So early Asia flush out below that 1.3350 lvl that held Friday but we snap back quick. Looking at this 1.3330 as the support again on the day.
CFTC: EUR and JPY bought at the expense of GBP, CAD and AUD
Hedge funds and other money managers made relatively small adjustment to their IMM currency positions during the week ending February 5 according to the latest “Commitment of Traders” report from the Commodity Futures Trading Commission (CFTC).
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.
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.
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.