EUR Trading Outlook Archive

EUR/USD A lackluster session in Europe’s morning met some stunning action in NY. The pair sat near 1.1355 into NY’s open after touching a 1.1380 high in Europe. The USD rallied early on as the Fed’s Bullard noted on CNBC the FOMC should remove ‘patient’… Read more

EUR/USD opened NY trade 1.1343 “unch” vs last night’s close, having traded 1.1347/89 overseas. The O/N pop was on a stop hunt, the stall a result of comments from Greek Fin Min Varoufakis who noted debt restructuring discussions will begin immediately. Early attention was on… Read more

EUR/USD Europe bounced EUR/USD off support near 1.1295 after EG’s Dijsselbloem noted EZ ministers could consider debt relief measures if Greece met all criteria. The pair neared 1.1340 in early NY. It slipped a bit after the EU commission noted Greece’s list is ‘sufficiently comprehensive… Read more

EUR/USD The pair couldn’t break free of Friday’s range. Europe pushed EUR/USD down to 1.1295 just ahead of NY’s open. The driver was EUR/JPY’s dive from near 135.50 towards 134.50. NY retested Europe’s low early on but once it became clear no further losses were… Read more

EUR/USD was whipped about in NY trade as Greek headlines were the main drivers in thin markets. Early NY saw the pair add to Europe’s losses driven by a German Govt spokesman noting Greece’s proposal didn’t go far enough and EUR/JPY’s dive (drop from 135.10… Read more

EUR/USD The pair sat just below 1.1400 in early NY after Europe smacked the pair down after another failed attempt at break 1.1450/60 resistance. Germany’s rejection of Greece’s extension proposal then saw the pair dive again. A low of 1.1355 was quickly hit. Broad USD… Read more

EUR/USD Europe weighed the pair down as the USD was broadly bid. They slipped the pair from the 1.1415 area towards 1.1385 at NY’s open. NY applied further bear pressure as the market ignored the onslaught of Greek headlines and instead focused on rising US… Read more

EUR/USD opened NYC 1.1440 on the retreat from O/N highs by 1.1450. The rally was sparked by comments from the Greek FinMin suggesting Greece would agree to a draft plan by EU’s Moscovici that would be an extension of the loan agreement, but not an… Read more

EUR/USD opened NYC 1.1417, 13 pips up on last night’s close. Initial action saw a probe of the 200-HMA that fell short, 1,1380 offered was the low (200-HMA 1.1372 at the time) A strong Canadian Mfg sales print knocked USD/CAD lower Canadian Dollar Briefing pressured… Read more

EUR/USD A somewhat subdued European morning for EUR/USD suddenly came to life in early NY. The USD had been generally soft leading into the US data but the below f/c results sent the USD tumbling even faster. EUR/USD’s reaction was delayed a bit though as… Read more