EUR Trading Outlook Archive

EUR/USD Europe held EUR/USD to a relatively tight range as the mkt awaited the ECB decision and Draghi’s presser. NY walked in with the pair near 1.2640. The ECB kept rates unch as expected. EUR/USD lifted a bit after the decision as general USD weakness… Read more

EUR/USD was in consolidation mode for Europe & NY as the market awaits the ECB. Europe pusehd the pair to s-t support near 1.2585 into NY’s open. The pair looked set to make more losses as ADP beat forecasts but the pair rallied shortly after… Read more

EUR/USD Europe crushed EUR/USD to 1.2590 after EZ CPI was initially reported below f/c. Broad based USD strength exacerbated the move. Early NY saw that USD strength carry over and EUR/USD was driven to a new trend low of 1.2571. The USD’s rally abated and… Read more

EUR/USD Broad based USD weakness (particularly vs. JPY) in Europe initiated a profit taking short squeeze that had EUR/USD near 1.2690 into NY’s open. The lift continued as German Sep. HICP came in above f/c, USD weakness persisted in early NY and soft US yields… Read more

EUR/USD Europe held the pair to a relatively tight range as it appeared a quiet market was setting up into the weekend. EUR/USD bears were abruptly shaken from their slumber in early NY though. USD/JPY powered through the 109.10 levels and US bond yields saw… Read more

EUR/USD Europe crushed EUR/USD from the 1.2770 area down to 1.2696. A combination of German Fin Min Schaueble comments on the prospects of ECB buying securitised loans and covered bonds and very large EUR sales by a UK clearer were the drivers. A bounce off… Read more

EUR/USD Europe pushed EUR/USD lower from hourly resistance near 1.2865 early in their session. Further pressure was added on the soft German IFO and the pair sat near 1.2850 into NY’s open. The pressure remained as HFs who looked to sell above 1.2900 on Sep… Read more

EUR/USD Shorts were squeezed in Europe’s morning as the USD and US yields were generally soft. the pair bounced off hourly support near 1.2840 and touched 1.2901 just as NY got going. The USD’s slide abated even as US bond yields remained heavy. EUR/USD began… Read more

EUR/USD Europe capped the rally begun in Asia just short of 1.2870. they pushed the pair below 1.2835 before it bounced near 1.2840 into NY’s open. NY pushed the pair briefly above 1.2855 a US bond yields were soft early but leveraged sellers sat there… Read more

EUR/USD The reversal in GBP/USD from its high saw a large rally in EUR/GBP from below 0.7820 towards 0.7880. The rally was of no use to EUR/USD after another try at breaking the 200-HMA overnight failed. EUR/USD plunged during Europe’s morning to sit near 1.2865… Read more