Tag Archives: GBP
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.
FX G10/EM Morning Trader Views
EUR – Surprisingly one way traffic since that Friday high above 1.37 – Mkt that’s long and political issues in Spain/Italy leading to an unwind of positioning to an Asia low of 1.3462.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3640, having corrected off US NFP react highs $1.3711. The boost from US employment report came as market reacted more to the upgraded back revisions.
FX Focus: GBP: A step too far?
– GBP weakness has been one of the dominant themes of 2013 with reduced safe haven demand due to improving euro area sentiment and weak UK cyclical data.
FX G10/EM Morning Trader Views
EUR – Friday was a day of big moves in eur and eur x’s and that move off the lows at 1.3585 to test above 1.37 was no exception.
CFTC: JPY selling resumes with an added twist
Speculative traders bought dollar against all eight IMM currency futures apart from EUR during the week ending January 29.
FX Market Week Outlook
The dollar hit fresh 14-month lows against the euro on Friday as U.S. jobs data reinforced expectations that the Federal Reserve would maintain its monetary easing program.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3576, after rate had seen a late lift in NY to $1.3594. Rate touched a low of $1.3573 into opening Asia before fresh demand emerged,
FX G10/EM Morning Trader Views
EUR – EURUSD and EURxxx still bid to high heaven at the moment, decent two way over yesterdays month end fix but 1.3540 support held firm and we rallied into the New York close taking out stops through 1.3580 and 1.3600.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3565, having seen post FOMC highs of $1.3588. Rate marked lows in early Asia at $1.3562 before settling around $1.3570 through the balance of the Asian morning.
FX Daily Strategist: Europe
– Fed and US data offer little help to the USD The FOMC reaffirmed its commitment to the USD 85bn per month asset purchase program and made only minor changes to the language of its statement.