EUR Trading Outlook Archive

EUR/USD Europe drove EUR/USD towards the mid-Aug 2012 low as JPY strength sent EUR/JPY plunging through 149.10/15 support. Bears took EUR/USD to a 1.2247 low but couldn’t muster further losses as broad based USD weakness trumped JPY strength. EUR/USD lifted towards 1.2270 into NY’s open…. Read more

EUR/USD The pair saw some bear pressure applied in Europe’s morning. It slipped from near 1.2385 to 1.2346 before bouncing a bit into NY’s open. The pair was just above 1.2350 as NY got going and sat just below 1.2370 into the US jobs data…. Read more

EUR/USD The pair stayed 1.2300/30 for Europe’s morning ahead of the ECB & Draghi. Rates were left unchanged as f/c so focus was on Draghi’s presser. His initial remarks sent the pair to a new trend low 1.2278. Draghi initially stated asset buys will have… Read more

EUR/USD The pair got smashed from the 1.2380 area towards 1.2320 in Europe’s morning on a combination of soft EZ services PMI and rising US yields. NY walked in with the pair sitting just off Europe’s low. Early action saw a lift to 1.2345 after… Read more

EUR/USD Early Europe saw the pair hugging the 200-HMA. Bears emerged though as the USD went broadly bid on rising US bond yields. The pair slipped from near 1.2465 and sat just below 1.2440 into NY’s open. NY wasted no time in applying bear pressure…. Read more

EUR/USD The JPY strength post-Japan downgrade by Moody’s sent EUR/JPY spiking lower towards 147.05/10. EUR/USD was dragged along reluctantly ad it hit 1.2419. Bears could push no further though as USD weakness trumped JPY. this saw The pair quickly bounce off the day’s low towards… Read more

EUR/USD opened New York 1.2474, +6 pips vs last night’s close and -31 pips from Wednesday’s NY close. The OPEC meetings inability to agree on production cuts boosted the DXY overseas, it opened NY +0.44% and is closing the session +0.83%. EUR/USD looks set to… Read more

EUR/USD Europe saw a brief spike above the 200-HMA but the gains were quickly erased as JPY strength drove EUR/JPY from the 147.25 area down near 146.50/55. NY walked in with EUR/USD sitting just off the day’s 1.2443 low. Early NY saw above f/c jobless… Read more

EUR/USD A tight range held in Europe and the pair sat near 1.2435 towards NY’s open after drifting lower from the 1.2445/50 area. Early NY saw a quick dive near 1.2400 after the above f/c US GDP lifted US bond yields as well as the… Read more

EUR/USD The pair’s inability to break the key 1.2350 level in Asia elicited broad base short covering in Europe & NY. EUR/USD saw a steady rise in early Europe & sat just above 1.2400 as NY got going. The pair ignored USD/JPY’s spike above 118.00… Read more