Tag Archives: GBP
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3343, after rate had been pressured to a session high of $1.3366 on reaction to the wider than forecast US trade deficit.
CFTC: EUR net position back in negative just ahead of rally
Currency traders, such as hedge funds and other large money managers, went net-short the EUR during the week ending January 8 according to the latest data from the CFTC.
FX G10/EM Morning Trader Views
EUR – Strong demand continues for eur and eur x’s with eurjpy and eurchf the standout movers o/n, helping drag eurusd to a high of 1.3404.
European FX Daily
– EURUSD touched 1.34 – India’s WPI inflation weaker than expected, supportive of rate cuts – US data this week to show improve growth momentum
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3262 after ECB Draghi hawkish comments at the ECB meeting press conference spiked rate to a high of $1.3273 from pre comment levels of $1.3114.
FX G10/EM Morning Trader Views
EUR – So draghi much more upbeat than the last meeting and in no way signals rate cuts and eur and eur x’s snap back hard – Eurusd now feels like its caught up to aud, nzd and cad against the usd in the general risk senario.
European FX Daily
– Japan’s government approved stimulus package – BoK unchanged, maintaining dovish bias – Italy to sell 2yr and 4yr bonds today – We have revised our three-month USDJPY forecast higher to 91
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3061 after it had pulled back from an early NY recovery of $1.3080 to $1.3046 before recovering into the close.
FX G10/EM Morning Trader Views
EUR – ECB day has arrived and eur still sitting on a 1.30 handle as mkt awaits the decision and press conf from draghi.
European FX Daily
– Robust Chinese data supports risk appetite – ECB: whether to ease? – BoE likely unchanged EUR: Still dovish? The ECB meeting will be a key focus this week.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3082, off pullback lows of $1.3057 seen during the NY session, after rate had seen earlier Asian highs of $1.3140.
FX G10/EM Morning Trader Views
EUR – Topped nicely at that 1.3140 resistance yesterday despite some gd buying in the morning which ultimately failed to take us higher leading to a bailout by spec/cta guys back into the middle of the 1.3000/1.3150 range.