EUR Trading Outlook (29-04-2015)

EUR/USD
Firm EUR crosses & CB (Asia, M/E) EUR/USD buys lift in Europe’s morning
NY opens ~1.0940, dips sub-1.0920 on early USD bid, dip bought
USD rally turns & broad based sales ensue even as US yields lift
EUR/USD tests >1.0990, offers into 1.10 & FOMC combine to halt lift
Only small pullback as pair near 1.0975 late in day
If Fed dovish 1.1060/70 likely breaks, 1.1175/85 then eyed

USD/JPY
USD/JPY holds dreary range by 118.94 Cloud base after poor US Conf data
Higher USD-JPY yield spreads offset by weaker stocks
Scant hope of BOJ QQE3 Thurs or by Jul; Oct still favored if CPI remains weak
EUR/JPY above 130.43 Cloud base; Greek fears recede, EUR shorts covered
GBP/JPY past down TL fm Dec, AUD/JPY past Mar hi & 38.2% of Oct-Feb drop

Back to EUR Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.