Tag Archives: GBP

FX G10/EM Morning Trader Views

EUR – Choppy yesterday but despite early selling through 1.2690 and a weak ZEW the mkt failed to extend to even test that 1.2650 cloud base on the daily’s.

European FX Daily

– USD weakened, Asian equities mixed – New Zealand’s retail sales unexpectedly fell in 3Q – BoE inflation report, and Fed FOMC minutes will be released today – Italy to sell 3yr, 11yr and 17yr bonds

EURUSD : Support – 1.2675 , 1.2650/40 , 1.2500 Resistance – 1.2740 , 1.2780/90 , 1.2880 , 1.2985 The Greece situation continues to fumble along making plenty of noise – now between Juncker (head of Eurogroup) and Lagarde (head of IMF), it still seem likely that a solution will be found in the near future, […]

Mid-Day FX Market Analysis

EUR: Opened early Europe at $1.2688, volumes remained light around the Asian open as specs headed for dollar safety. Early sales from Macro/Japanese names pressed under $1.2700, cross supply added further weight and the pair flushed stops to $1.2675 on headlines from European officials.

European FX Daily

– Asian equities and currencies fell – Euro group failed to reach a deal on Greece – Focus on Greek T-bill actions

Mid-Day FX Market Analysis

EUR: Opened early Europe at $1.2730, Euro-dollar closed in NY Friday at $1.2712 after rate had seen lows in this session at $1.2690 before recovering above the figure into the option cut, influenced by a large maturity at $1.2700.

G10 FX Spot Commentary

EURUSD: Support – 1.2690, 1.2650, 1.2500 Resistance – 1.2740, 1.2780/90, 1.2880, 1.2985 Greece pass the budget overnight but and now the onus is back on Europe to approve the next tranche,

CFTC: Dollar positioning back to neutral as EUR and JPY are sold

Speculative investors in the eight IMM currency futures continue to scale back their aggregate short dollar position. As of November 6 the short position stood at USD 4.7 billion, a one-third reduction on the previous week as the greenback was bought against six out of eight currencies, especially EUR and JPY.

FX Market Analysis

EUR: Opened early Europe at $1.2755, Euro-dollar closed in NY at $1.2769 after rate had recovered off session lows of $1.2737, seen after rate had corrected off its post Obama re-election react highs of $1.2876.

European FX Daily

– Japan recorded the first current account deficit (sa) since 1996 – AU employment surprised strong, NZ weak – Focus on BoE and ECB – Spain to sell 2yr, 5yr and 20yr bonds today

FX Market Analysis

EUR: Opened early Europe at $1.2860, Euro-dollar closed in NY at $1.2813, after rate had recovered off session lows of $1.2764 to $1.2827, with reported offers placed at the 200-dma ($1.2828) providing the main resistance.

FX Daily Strategist: US

– The RBA left policy unchanged, AUDUSD breaks above 1.0400 The RBA remained on hold referencing slightly higher-than-expected inflation and some improvement in global conditions. It sees growth around trend over the past year and expects resources investment to peak next year.