Tag Archives: NOK
Bank of Japan easing is a market driver
Market movers ahead – In the US, the housing market will be in focus with the release of the NAHB housing index, building permits and housing starts.
FX G10/EM Morning Trader Views
EUR – Exactly the same as yesterday but with no FED minutes to look forward to. Volumes are decreasing and ranges contracting.
FX G10/EM Morning Trader Views
EUR – The price action yesterday was death by a thousand cuts, with low volume and a slow stuttering squeeze. We ran out of steam rather than ran into supply at around 1.3100 and
FX G10/EM Morning Trader Views
EUR – German IP at 11:00. After last week’s brutal 3 big-fig rally, the dust should start to settle. Cross yen moves, weak US data and market position have been the drivers but I would expect fresh EUR shorts,
ECB to dig further in the toolbox
Market movers ahead – US consumers are back in focus. Retail sales should continue at decent pace in March.
FX G10/EM Morning Trader Views
EUR – Painful best way to describe yesterdays moves, with Draghi dovish and a break to marginal new lows at 1.2744 providing what we were looking for before eur fully reversed 200 pips as everyone,
FX G10/EM Morning Trader Views
EUR – As the 200 day capped us nicely on topside at 1.2890, weaker PMI’s were enough to set the tone yesterday for the move lower.
FX G10/EM Morning Trader Views
EURUSD – Choppy would be an understatement but the trend remains to the downside. Long term and corporate buying slows the move and i expect this to continue but bias is still for lower.
FX Ringside
Once again we are reminded of the huge challenges facing Europe trying to transform an imperfect currency union into a sustainable project.
FX G10/EM Morning Trader Views
EURUSD – Mkt sold the fact yesterday stopping itself begrudgingly back into the short eurusd trade, helped in no small part by comments from the head of eurogroup finance ministers suggesting the Cyprus bailout could be a template for the rest of Europe.
FX G10/EM Morning Trader Views
EURUSD – A relief rally o/n in asia as the headlines said ‘deal agreed’, although still a lot to be done. I not a massive believer in the upmove and feel the spike o/n has cleaned the decks of those who faded the spike to 1.30 friday and left tight stops.
FX G10/EM Morning Trader Views
EURUSD – Cyprus still rumbling on, and not for the better, throw in weak German and French PMI’s and eurusd seems to be defying gravity by hanging around this 1.2880/1.2900 region.