Tag Archives: GBP
FX G10/EM Morning Trader Views
EUR – Mkt caught offside with Draghi’s downgrading of growth/inflation forecasts yesterday and as we took out support at 1.3010/25 we dragged more people in – lev, rm and spec all hitting eur and eur x’s
European FX Daily
– German IP likely to rise – Hurricane Sandy likely depressed US payroll growth to 70k – But Canadian employment is expected to be strong
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3058, Euro-dollar closed in NY at $1.3072 after easing away from a late recovery high of $1.3090, the rate giving back most of its recovery gains from early NY lows of $1.3060 into the close.
FX G10/EM Morning Trader Views
EUR – ECB day has arrived and we have moved back into the range after a failure at that 1.3140 oct highs yesterday.
European FX Daily
– RBNZ on hold but more hawkish than expected – No change from ECB and BoE expected today – We recommend buying 6m USDBRL puts financed by selling 3m double one-touch
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3108, Euro-dollar closed in NY at $1.3092 after fading away from a late recovery high of $1.3108 with corrective dips noticeably continuing to draw willing buyers.
FX G10/EM Morning Trader Views
EUR – Yesterday tough to be long with the orderbook so skewed to selling between 1.3080-1.3130 however we walk in today with the orders all filled or gone to mkt leaving the orderbook topside much lighter.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3054, Euro-dollar closed in NY at $1.3054 after rate had pulled back from a late session high at $1.3076.
FX G10 and EM Morning Trader Views
EUR – Holding nicely above the 1.3025/1.3045 resistance zone without really pushing on. Yesterdays break of 1.3050 resulted in a wave of profit taking from rm/lev and spec so it will be interesting to see how we respond today.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3032, Euro-dollar closed in NY Friday at $1.2986 having pivoted $1.3000 through the day within a range of $1.3029-1.2968, with month end dollar demand providing a counter against further upside gains.
European FX Daily
– China PMIs up, but slightly less than expected – Record Indonesian trade deficit – Aussie job ads lower again – Focus today on European and US PMIs and the Eurogroup meeting
CFTC: JPY overtakes EUR as most sold currency
Money managers continued to aggressively sell the JPY during the week ending November 27, despite Japan’s Liberal Democratic Party leader Abe sounding less aggressive on the Bank of Japan’s future monetary policy.