Tag Archives: NZD
FX G10/EM Morning Trader Views
EUR – Tried to break out the topside last week at 1.3480/1.35 and failed falling back towards the base of this 1.33/1.35 range – O/n the low has been 1.3326 in Asia and the focus is 1.3300/10 (last week lows 1.3306).
FX G10/EM Morning Trader Views
EUR – So eur unwound to the bottom of the 1.33-1.35 range yesterday on back of weaker eurozone gdp data but we held well at 1.3310/20 zone
FX G10/EM Morning Trader Views
EUR – Disappointing fail yesterday to break and close above that 1.3480 – a print at 1.3520 unwound by a headline in Bild regarding ecb concerns over recent strength.
FX G10/EM Morning Trader Views
EUR – Squeezed mkt out yesterday of weak shorts taking out the 1.3430/50 area but stopping short of breaking 1.3480. Selling dominated above 1.3450 from lev and RM a/cs.
FX G10/EM Morning Trader Views
EUR – Range bound for much of yesterday and o/n in Asia – We managed to stay below that 1.3430 zone yesterday despite comments from Weidman suggesting that eur strength isn’t an issue.
FX G10/EM Morning Trader Views
EUR – So early Asia flush out below that 1.3350 lvl that held Friday but we snap back quick. Looking at this 1.3330 as the support again on the day.
CFTC: EUR and JPY bought at the expense of GBP, CAD and AUD
Hedge funds and other money managers made relatively small adjustment to their IMM currency positions during the week ending February 5 according to the latest “Commitment of Traders” report from the Commodity Futures Trading Commission (CFTC).
FX Market Week Outlook
The EUR extended losses into a second day on Friday after ECB chief Mario Draghi said the bank would closely monitor developments in the markets to see if the stronger euro had an effect on the inflation outlook.
FX G10/EM Morning Trader Views
EUR – Finally ECB day is upon us and after some big volatility on the week for eur and eur x’s we sit comfortable for now on a 1.35 handle.
SEK enters the Riksbank equation
Financial markets have rapidly bought the euro as investors substantially increase exposure to undervalued European assets following sharp falls in risk premiums.
FX G10/EM Morning Trader Views
EUR – Surprisingly one way traffic since that Friday high above 1.37 – Mkt that’s long and political issues in Spain/Italy leading to an unwind of positioning to an Asia low of 1.3462.
FX G10/EM Morning Trader Views
EUR – Friday was a day of big moves in eur and eur x’s and that move off the lows at 1.3585 to test above 1.37 was no exception.