Tag Archives: GBP
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3488 after rate had made two attempts to take out option barrier interest at $1.3500, with rate finding support during the session at $1.3460 on pullbacks.
Further upside pressure in EUR/USD after repayments
On 30 January 2013, 3y loans worth EUR 137.159bn will be repaid to the ECB, reducing initial tender volume from EUR 489bn to EUR 352bn.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3456 after a recovery off NY session lows of $1.3431. Rate eased to $1.3444 in opening Asian trade with rate contained for the early part of the Asian day within a basic $1.3445/55 range.
FX G10/EM Morning Trader Views
EUR – Another rangey Asia on a 1.34 handle. Although eur x’s lose a bit of their recent steam especially against aud,nzd and cad. Lvl to watch still 1.3400/10 for me on the downside
FX Daily Strategist: US
– Moving from strong eurozone to weak US data this week The stand out development at the beginning of the week has been the sizeable short-squeeze seen in USD/Asia, with IDR, KRW, TWD and MYR falling over 1.20% today.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3464 after easing off extended NY session highs of $1.3480, with rate buoyed above $1.3450 into the close.
CFTC: Net EUR long rising at the expense of CAD, GBP and CHF
The weekly snapshot from the CFTC covering the week ending Tuesday 22 January showed that hedge funds and other large investors continued to accumulate net-long EUR positions while long positions in CAD, GBP and CHF were scaled back.
European FX Daily
– China’s industrial profits rose 5.3%yoy in December – Bank of Israel expected to remain unchanged – Central Bank of Colombia likely to cut 25bps
FX G10/EM Morning Trader Views
EUR – After Fridays break of that key resistance at 1.3400/10 Friday on the LDN open, rather quiet and rangey o/n in Asia stuck 1.3440/70
FX Market Week Outlook
The euro rallied against the dollar and the yen on Friday boosted by hopes that the worst of the crisis in the euro zone has passed,
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3375 after rate had seen a strong rally to $1.3393 on positioning ahead of today’s LTRO repayment announcement.