EUR Trading Outlook Archive

The Euro (EUR) traded above 1.4200 on continued strength with sentiment towards the single currency still very strong. EUR/GBP hit multi-month highs above 0.8850 before settling slightly lower. Weak February Retail Sales at -0.3% vs. 0.4% previously. Overall the EUR/USD traded with a low of… Read more

The Euro (EUR) dipped in Europe but reversed once again on strong EUR/JPY buying which tracked stock markets higher in the US Session. Resistance was found at 1.4150 for the second day and the market may wait until Friday US jobs reports for fresh direction…. Read more

The Euro (EUR) Was able to extend Tuesday&rsquo s rally above 1.4100 before reversing on FED speaker Bullard hawkish comments the QE2 program maybe be cut short by 100bln. Overall the EUR/USD traded with a low of 1.4047 and a high of 1.4150 before closing… Read more

The Euro (EUR) ECB President Trichet inspired a fresh rally in the Euro across the board stating that inflation was beginning to show signs of being persistent. EUR/GBP hit multimonth highs above 0.8820. German political concerns and Portugal bailout suggestions are being overlooked for now…. Read more

The Euro (EUR) ended the week on the back foot as the Portugal issue festered and refused to go away with many pricing in a bailout over the next couple of weeks. March German IFO fell slightly to 111.1 vs. 111.3 previously. Overall the EUR/USD… Read more

The Euro (EUR) was volatile hitting day lows into Europe on the rating downgrades of Portugal and Spanish banks before reversing higher on strong economic data and EU summit optimism. March Service PMI jumped to 56.9 vs. 56.4 previously. Overall the EUR/USD traded with a… Read more

The Euro (EUR) found selling pressure as the market watched Portugal Debt yields spike higher on concerns that austerity measures would be delayed after a vote in parliament failed. The PM resigned and could prompt a snap election. Overall the EUR/USD traded with a low… Read more

The Euro (EUR) fresh highs in Europe reversed on concerns that the Portugal Politics will get in the way of austerity measures required for the small EU country to avoid a bailout. Debt costs increasing may reignite the Debt Crisis with Germany a focal critic… Read more

The Euro (EUR) pushed above 1.4200 as the market turned risk on and punished the USD. EUR/JPY is providing lots of support and could continue to break higher if more intervention emerges. Market expectations of a rate rise at the next ECB meeting are firming… Read more

The Euro (EUR) surged against the USD and the JPY on Friday following the ECB involvement in co-ordinated intervention. Japanese Finance Minister Noda made specific mention throughout the trading day that the ECB may further intervene during the European Session on the EURJPY cross, pushing… Read more