EUR Trading Outlook Archive

EUR/USD The combination of weak EZ Sep retail sales &Oct services PMI and broad USD strength saw EUR/USD dive below 1.2470 into NY’s open. Early NY saw a lift even as the ADP jobs report saw a topside surprise. USD bulls emerged though as EUR/USD… Read more

EUR/USD A tight range held for Europe and NY’s morning. The pair lingered in a 1.2500/30 range as the market seemed content to wait for the ECB on Thursday & NFP on Friday. The pair sat near the lower end of the range when the… Read more

EUR/USD grudgingly climbed in Europe’s morning. It lifted from near 1.2480 towards 1.2510. Big gains in EUR/JPY (140.70 to a NY high of 142.56) aided the lift but they were offset by broad base USD strength as USD/JPY blasted higher from the 112.85 area. EUR/USD… Read more

EUR/USD Europe made two tries to take the pair through 1.2560 even as econ data out of Europe was a bit upbeat. After the failed tries short covering lifted the pair near 1.2590 as NY walked in. Another try to break lower ensued on the… Read more

EUR/USD An early dip to 1.2725 in Europe was bought. Risk sentiment was buoyed as equity markets & JPY crosses were firm. EUR/JPY rallied from 137.35/40 & aided EUR/USD’s lift towards 1.2745 into NY’s open. Bull pressure persisted in early NY as JPY crosses were… Read more

EUR/USD An early rally in Europe was rebuffed after EUR/USD failed to climb above the 200-HMA. The sell-off from the 1.2715/20 area saw 1.2685 hit. A rebound occurred as EUR/JPY lifted off from the 136.95 area. EUR/USD bounced & sat just above 1.2700 into NY’s… Read more

EUR/USD The below f/c German IFO numbers pushed EUR/USD lower from near the Asia high and had it near 1.2770 into NY’s open. NY made one early push lower & hit a low of 1.2665 but no further looses could be made. A bounce above… Read more

EUR/USD A tight range held in Europe’s morning as EUR/USD lingered 1.2635-65 with it ultimately sitting near 1.2650 into NY’s open. A quiet session looked set to hold in NY but a flurry activity ensued on a leak of the ECB draft on the bank… Read more

EUR/USD The EZ Oct PMI came i above f/c and EUR/USD covered a bit. The rally lifted the pair to a 1.2676 high just ahead of NY’s open. It sat just below that level as NY got going. The rally couldn’t push further. After the… Read more

EUR/USD Europe pushed EUR/USD from the day’s high (1.2740) to 1.2681 ahead of NY’s open on HF sales and a report from EFE that 11 banks will fail the stress test. The pair bounced a bid off the low & sat near 1.2690 as NY… Read more