The Euro (EUR) rallied above 1.3400 as the Dollar came under pressure and fears subsided temporarily about the future of EU debt. With most stock markets closed there was little catalyst or reason for the moves.   EUR/USD traded with a low of 1.3280 and… Read more
EUR Trading Outlook Archive
Euro (EUR) Trading Outlook (03-01-2011)
January 3, 2011Euro (EUR) Trading Outlook (31-12-2010)
December 31, 2010The Euro (EUR) The Euro managed solid gains breaking to multi week highs above 1.3300. EUR/GBP also moved higher as the two majors diverged paths. EUR/USD traded with a low of 1.3218 and a high of 1.3317 before closing at 1.3300. Looking ahead, German Bank… Read more
Euro (EUR) Trading Outlook (29-12-2010)
December 29, 2010The Euro (EUR) The Euro had a volatile day rallying above 1.3200 in Asia before reversing sharply on news that the ECB had left some of its bond purchases unsterilized. EUR/GBP pulled back and so did EUR/CHF which moved below 1.2500. EUR/USD traded with a… Read more
Euro (EUR) Trading Outlook (24-12-2010)
December 24, 2010The Euro (EUR) was under pressure but found some buyers after Moody&rsquo s put some sovereign CDS up for upgrade. The market is thin and fresh news has the potential for larger than usual moves. EUR/USD traded with a low of 1.3054 and a high… Read more
Euro (EUR) Trading Outlook (23-12-2010)
December 23, 2010The Euro (EUR) shot higher on rumors that China would be buying Portuguese debt before reversing back under 1.3100 with the resumption of selling. EUR/GBP managed to hold strength and reclaimed the 0.8500. EUR/USD traded with a low of 1.3077 and a high of 1.3183… Read more
Euro (EUR) Trading Outlook (22-12-2010)
December 22, 2010The Euro (EUR) was able to stage a rally in Asia to test 1.3200 after China&rsquo s VP Wang said they would take concrete action to support EU Debt. The market continued to sell rallies however and fell in the US session to fresh month… Read more
Euro (EUR) Trading Outlook (21-12-2010)
December 21, 2010The Euro (EUR) started the week under pressure as news flow continued to be negative with Moody& rsquo s placing 30 Spanish Banks on review for downgrade. Also concerning is analysts focusing on the French AAA rating and the possibility that it may be lost… Read more
Euro (EUR) Trading Outlook (20-12-2010)
December 20, 2010The Euro (EUR) was doing well in Asia and Europe trading above 1.3350 until the Irish Downgrade sent the single currency plummeting to fresh lows on the week under 1.3150. December German IFO improved to 109.3 vs. 109.9 previously. EUR/USD traded with a low of… Read more
Euro (EUR) Trading Outlook (17-12-2010)
December 17, 2010The Euro (EUR) withlittle in the way of fresh news from the EU leaders meeting the market was hesitant to buy the single currency while the outlook remained so uncertain. Moody& rsquo s announced a review of Greece with a possible downgrade. December Eurozone PMI… Read more
Euro (EUR) Trading Outlook (16-12-2010)
December 16, 2010The Euro (EUR) the market was spooked by the ongoing European debt crisis as Moody&rsquo s warning came ahead of today EU leaders meeting. EUR/JPY held up better than most crosses on a resurgent USD/JPY. EUR/USD traded with a low of 1.3207 and a high… Read more