EUR Trading Outlook Archive

The Euro (EUR) week highs above 1.3450 were seen in Europe but pared back in the US session due to profit taking. Sentiment is improving towards the single currency on the growing belief the ECB will do what is needed to support the Euro. EUR/USD… Read more

The Euro (EUR) the Euro was the major mover overnight as the ECB held rates at 1.0% and President Trichet was upbeat. Successful Bond Auctions for both Spanish and Italian Debt sent shorts scuttling and the EUR/USD moved above 1.3300. EUR/USD traded with a low… Read more

The Euro (EUR) The Euro recovered above 1.3000 and extended gains on easing Bond yields after good demand for Portuguese bonds overnight. Economic Data was also good with German GDP seen at 3.6%y/y in 2010 and November EU Industrial Production at 1.2% vs. 0.5% forecast…. Read more

The Euro (EUR) was boosted in Asia on news that Japan will be heavily involved in buying European debt to try and instill confidence in the Eurozone. Debt Yields fell and upcoming Debt Auctions this week will be closely watched for demand. EUR/USD traded with… Read more

The Euro (EUR) French and German officials deny they are putting pressure on Portugal to accept a bailout package but bond yields are still remaining high and the market is continuing to be supported by the ECB. January Sentix improved to 10.6 vs. 9.7 previously…. Read more

The Euro (EUR) Peripheral EU bond yields rose again on Friday with lingering concerns about debt contagion pushing the single currency below 1.3000. Q3 GDP fell to 0.3% vs. 0.4% previously. EUR/USD traded with a low of 1.2907 and a high of 1.3020 before closing… Read more

The Euro (EUR) talk that Senior EU Bank Debt Holders would face losses under new laws to limit government losses sent the Euro down to 1.3000 where the market found solid support. EUR/USD traded with a low of 1.2967 and a high of 1.3172 before… Read more

The Euro (EUR) was under pressure due to conditional support for Spanish bonds from China and comments from the Swiss National bank that they would no longer accept Irish debt as collateral. German Services PMI was strong at 59.2 vs. 58.3 previously. EUR/USD traded with… Read more

The Euro (EUR) was strong in Europe testing above 1.3400 before once again come under heavy selling pressure to fall quickly back below 1.3300. EUR/GBP was a major mover as well falling sharply as the GBP found support. &nbsp EUR/USD traded with a low of… Read more

The Euro (EUR) was under pressure in Asia but managed to claw back some losses against the dollar during the rest of the day with strong support from EUR/JPY and EUR/GBP buying. News that China will support Spanish debt going into the future also helped…. Read more