EUR Trading Outlook Archive

EUR/USD opened NY 1.1304 -18 pips vs last night’s close, having traded 1.1289/1.1331. NY continued with a similar attitude, traded 1.1280/1.1321 and hands off to Sydney c 1.1302. Event risk from the Greek debt discussions is uppermost on everyone’s minds and no one is adding… Read more

EUR/USD NY walked in with bear pressure being applied to the pair. Europe dropped EUR/USD from the 1.1335 area towards 1.1275 into NY’s open mostly on the back of EUR/GBP’s decline to 0.7409. Real money bids in EUR/USD stemmed the slide and an MNI story… Read more

EUR/USD The pair got hit late in Europe’s morning and headlines that the UK’s PM chaired a meeting with treasury & BoE to plan for a possible Greek Euro exit. The slide saw EUR/USD fall from near 1.1350 towards 1.1310 into NY’s open. Bear pressure… Read more

EUR/USD Europe held a tight range but the pair did have a bearish lean to it. The pair dipped to 1.1430 but bounced near 1.1450 as Ny got going. Early NY saw the lift push a bit further as the USD was soft. A NY… Read more

EUR/USD The pair saw short covering in Europe test the 1.1450/60 resistance zone but be unable to break it. The ensuing dip had it near 1.1425 into NY’s open. Early action saw the slide deepen towards 1.1390 after weekly jobless claims came in much better… Read more

EUR/USD General USD strength and uncertainty over the Greece situation saw bear pressure applied to EUR/USD in Europe & NY. The pair slipped from the 1.1480 area in Europe & stood near 1.1460 into NY’s open. The ADP miss gave no relief for longs as… Read more

EUR/USD caught fire in early NY triggered by an explosion higher in oil prices and a bad miss in US Factory Orders. Shorts were surprised by the steep rise, with many EUR bears who had earlier claimed to be confident sellers never showed up as… Read more

EUR/USD Europe rallied the pair towards the Jan 29 high and 10-DMA but failed to breach either. JPY strength weighed on EUR/JPY which aided to cap EUR/USD’s lift. The pair slid a bit and sat near 1.1345 into NY’s open. Bear pressure remained on the… Read more

EUR/USD The pair held to a relatively tight range but it did see decent movement within NY’s 1.12791.1368 range. Early NY saw the pair just below 1.1300. Buying took hold in the morning as EUR disregarded broad USD strength. EUR was well bid vs. other… Read more

EUR/USD opened NY 1.1354 having traded 1.1330-80 in London. The FOMC monetary policy event risk just too great to allow more price elasticity. O/N US building permits data +0.6% wasn’t bad for a December print. No other real data. NY traded 1.1303/62 pre- FOMC and… Read more