Tag Archives: SEK

FX G10/EM Morning Trader Views

EURUSD – So mkt takes the Cyprus news badly very similar reaction to the Italian election result. Eurjpy in particular an ugly open, followed by eurusd

FX G10/EM Morning Trader Views

EUR – While short eur worked well initially yesterday as we traded to a low of 1.2911 the lack of follow through an subsequent nasty squeeze all the way back above 1.3030 has ensure i cut shorts for now.

FX G10/EM Morning Trader Views

EUR – So another fail at 1.3070/80, a weaker Italian auction and strong US retail sales led us to an unwind of long eur and eur x positions.

FX G10/EM Morning Trader Views

EUR – Quiet day yesterday that ended by squeezing out weak payrol/italy downgrade shorts from Friday below 1.3000.

Foreign Exchange Flows

Dovish CBs Sold Central bank expectations remain the dominant driver in FX markets. Last week the currencies least preferred were the ones where investors do not expect any sign of ‘stimulus’ withdrawal anytime soon.

FX G10/EM Morning Trader Views

EUR – A quiet Asia session post Friday’s moves as mkt settles, despite the late attempt at lower as Fitch caught up in downgrading Italy.

Technical Alert

€uro rebound, USD/JPY breaking higher… EUR/USD 1.3092 Post ECB reaction… USD/JPY 95.35 Broke to a new trend high… EUR/GBP 0.8733 Bearish triangle proven wrong…

FX G10/EM Morning Trader Views

EUR – Draghi time has arrived and with little fanfare it must be said, ADP data yesterday set the tone with the greenback rallying across the board with the headline pair trading 1.2965 in NYC and there is little bounce overnight.

FX Daily Strategist: Europe

– EUR reaction hinges on ECB inflation assessment; GBP vulnerable ahead of the BoE The EUR continues to trade with a heavy tone even as there is little sign of distress in the Italian bond markets – Italy- Germany 10Y spread has tightened further to 320bps, while Spain’s 10Y yields trade near 5%.