EUR Trading Outlook Archive

EUR/USD A healthy bounce off Asia’s low was initially added to in Europe. EUR/USD lifted to 1.2909 but was swatted down on a combination of a weak take up for the initial TLTRO and a L’Opinion report that Moody’s is set to cut France to… Read more

EUR/USD opened in Asia at 1.2960, down from the Hilsenrath inspired climb to 1.2995 late Tuesday and continued to drift lower into Europe. Some order activity providing some direction from the early London 1.2943 low but offers back in the 60-70 area look to have… Read more

EUR/USD Europe applied pressure to EUR. It was mostly on the crosses but EUR/USD did feel the effects. EUR/GBP slid from 0.7984 towards 0.7945 and EUR/JPY slid towards 138.45. EUR/AUD sales from HFs also added pressure. These sales saw EUR/USD fall from near 1.2965 to… Read more

EUR/USD A tight range held in Europe as the mkt contemplated whether short covering into the weekend or further USD strength would reign. The USD was firm but positioning dominated as EUR/USD lifted from 1.2915 & sat near 1.2930 into NY’s open. The short covering… Read more

EUR/USD Europe squeezed shorts a bit in their morning as they bounced the pair off the 1.2900 area towards 1.2940 before it pulled back near 1.2920 into NY’s open. The USD was soft in early NY and weakened further after jobless claims were worse than… Read more

EUR/USD Bears were squeezed in Europe as EUR/USD matched the Sep 8 high (1.2963). The effects of the squeeze faded into NY’s open & sat near 1.2950. The USD was generally bid in early NY and bears erased most of Europe’s rally. Further pressure came… Read more

EUR/USD opened NYC 1.2889, chopped 1.2874/1.2908 for a while with stealth real money offers sating demand out of Europe for a while. A reserve manager came in, started lifting EUR/CAD, sparked some macro buying in EUR/AUD and a general liquidation of short EUR/ commodity bloc… Read more

EUR/USD A tight range held for Asia and Europe and the pair sat just above 1.2950 into NY’s open. Some early pressure was put on the pair as it dipped to match the o/n low but no follow through had the market thinking further consolidation… Read more

EUR/USD Tight ranges held in Europe as the pair consolidated losses before the US jobs report. EUR/USD sat ~1.2950 pre-data. The NFP missed as only 142k jobs were created vs. 225k f/c . US yields slipped and the USD dropped across the board. Model accounts… Read more

EUR/USD Bears were looking for an excuse to lighten up on shorts ahead of tomorrow’s ECB meeting. News out of the Ukraine/Russia situation seemed to indicate tensions were easing. EUR/USD spiked up above 1.3155. Some contradictory follow-up statements on the issue saw some of those… Read more