The Euro (EUR) fell below 1.3500 as the market reacts negatively to the ongoing uncertainty to European debt crisis. November ZEW Economic sentiment gained 1.8 vs. -5.9 forecast. The Irish PM told the market that Ireland had made no application for Aid although Eurogroup&rsquo s… Read more
EUR Trading Outlook Archive
Euro (EUR) Trading Outlook (17-11-2010)
November 17, 2010Euro (EUR) Trading Outlook (16-11-2010)
November 16, 2010The Euro (EUR) was under constant pressure with rallies sold as the market reacted to uncertainty around bailouts of both Ireland and Portugal as talks continue. September Trade Balance jumped to 2.4bn vs. -4.3bn previously. EUR/USD traded with a low of 1.3562 and a high… Read more
Euro (EUR) Trading Outlook (15-11-2010)
November 15, 2010The Euro (EUR) broke below 1.3600 at the height of Irish concerns going into the European session but when the Irish FM denied asking for help the pair staged a major rally nearly 200 pips. Q3 GDP was near expectations at 0.4% but the September… Read more
Euro (EUR) Trading Outlook (12-11-2010)
November 12, 2010The Euro (EUR) market talk of EU Irish bailouts and bondholders having to bear the pain in any cost of bailouts. With Stocks also under pressure the Euro pushed lower towards 1.3600 and the market is growing in bearishness. EUR/USD traded with a low of… Read more
Euro (EUR) Trading Outlook (11-11-2010)
November 11, 2010The Euro (EUR) European stocks fell over 1.5% on resurgent fears that peripheral European Countries where under pressure. Irish and Portuguese Bond Yields continued to rally as investors demanded greater returns for the risk. EUR/USD traded with a low of 1.3669 and a high of… Read more
Euro (EUR) Trading Outlook (10-11-2010)
November 10, 2010The Euro (EUR) was under pressure for most of the day with Dollar strength expressed against the alternate major and moves higher in Irish and Portuguese vs. German bond spreads. EUR/USD traded with a low of 1.3747 and a high of 1.3975 before closing at… Read more
Euro (EUR) Trading Outlook (09-11-2010)
November 9, 2010The Euro (EUR) fell through 1.4000 in Asia and hit stops falling quickly to the lower 1.3900 region by the middle of the day. Attention was on Irish banking concerns and weak September German Industrial output down -0.8% m/m.   EUR/USD traded with a low… Read more
Euro (EUR) Trading Outlook (08-11-2010)
November 8, 2010The Euro (EUR) fell back from month highs in Europe even before US Jobs numbers extended the Euro&rsquo s move lower. The pair closed near 1.4000 supports and a key pivot level with the market still hesitant on pushing the Euro higher with lingering European… Read more
Euro (EUR) Trading Outlook (05-11-2010)
November 5, 2010The Euro (EUR) did well to take full advantage of a bruised greenback, trading at 9 month highs despite perceptions that the decision by the FOMC to add stimulus may undermine the Eurozone recovery. The ECB held interest rates at 1.00% as widely expected, with… Read more
Euro (EUR) Trading Outlook (04-11-2010)
November 4, 2010The Euro (EUR) played second fiddle to the FOMC decision, initially moving lower before spiking higher once further details were released. With little data out of the EZ, the Euro traded below the key 1.40 mark. The EURUSD traded with a low of 1.3989 a… Read more