Tag Archives: GBP
FX Daily Strategist: US
– EURUSD still constructive, but could consolidate towards the weekend Risk-sentiment has continued to move higher helped by better still decent US earnings reports and a decision by Moody’s to affirm Spain’s investment grade rating (the lowest at Baa3 with a negative outlook) last night.
FX Market Analysis
EUR: Opened early Europe at $1.3090, Euro-dollar spiked higher after the New York close, boosted by news that ratings agency Moody’s was maintaining Spanish rating, although assigning a negative outlook.
FX G10/EM Morning Trader Views
EUR – Nice hold above the break of 1.2990/1.3000 and while we didnt break that 1.3070 resistance first off we held nicely on the dip to 1.3000/20 breaking at the second ateempt as moody’s reaffirmed spains rating
European FX Daily
– Asian shares and currencies gain – Spain retains investment grade credit rating from Moody’s – Singapore exports surprised weak – Focus on BoE minutes to assess further QE risk
FX Market Analysis
EUR: Opened early Europe at $1.2974, Euro-dollar ground lower in early Asian trade to $1.2942 before meeting demand in the dip, the pair extended gains and rallied to $1.2976 on hopes Spain could soon request a bailout.
FX G10/EM Morning Trader Views
EUR – Remain long looking for a break at the top end of the recent range (1.2800-1.2990/1.30) a break I expect to yield 1.3050/70 before backing off again
European FX Daily
– Asian stocks and currencies gained – NZ inflation surprised weak – Likely modest improvement in German Zew
FX Market Analysis
EUR: Opened in early Europe at $1.2910, Euro-dollar nudged higher on the Asian open touching $1.2962, before supply from a US name pressed lower.
FX G10/EM Morning Trader Views
EUR – focus this week will be the EC meeting on 18th/19th, until then I expect the downward pressure to remain on the single ccy with this grind lower to persist.
FX Market Analysis
EUR: Opened early Europe at $1.2928, Euro-dollar closed in NY at $1.2930 after easing off a recovery high of $1.2952 to $1.2922.
FX Market Analysis
EUR: Opened early Europe at $1.2864, Euro-dollar closed in NY at $1.2865, the corrective pullback from session highs of $1.2913 given added weight by the late downgrade of Spain by S&P which saw it trade to $1.2862.
FX Daily Strategist: Europe
– Markets hold in well despite plenty of negative catalysts Markets continue to hold in well. The catalysts for risk-off are plenty, including earnings season uncertainty, Japan-China tensions and trade disruption, uncertainty on when Spain requests assistance (and yesterday’s S&P downgrade) and geopolitical tensions surrounding Turkey, Syria and Iran.