EUR Trading Outlook Archive

EUR/USD Europe pushed EUR/USD to a new trend low as it reached 1.3110. The pair sat just above that low as NY got going. Further losses weren’t possible during NY hours even as the USD mounted serious gains vs. other major ccys. Short covering in… Read more

EUR/USD Sentiment towards the EUR remains extremely negative and the market continues to add to already large EUR short positions. The EUR is being used as a funding currency for carry trades, as EZ short-term yields continue to disappear, and was pressured by carry trade… Read more

EUR/USD Europe rallied EUR/USD after EZ inflation data was basically inline with estimates. Short covering ensued and the pair lifted towards 1.3200 ahead of NY’s open. Anticipation of USD month-end sales likely aided the lift. NY had other thoughts on their minds though. They immediately… Read more

EUR/USD Europe tried squeezing shorts late in their morning. The squeeze managed to just barely pierce recent daily highs as it hit 1.3220. The lift was quickly reversed on reports of increased tensions with Ukraine & Russia. The pair quickly dived towards 1.3170. When the… Read more

EUR/USD A tight range held in Europe’s morning with EUR/USD lingering near 1.3190 as the USD and US bond yields were generally soft. Early NY saw a minor recovery for yields and USD. EUR/USD dipped below 1.3170 even as it was announced the ECB selected… Read more

EUR/USD Consolidation & a short squeeze threat was the theme o/n & that theme looked set to carry though NY. An early NY dip ~1.3185 was bought as US bond yields & USD were soft. The durable goods core reading was disappointing & aided the… Read more

EUR/USD Europe and NY both made feeble attempts to rally EUR/USD off Asia’s low. The bounces were short lived as solid offers camped in the 1.3210/20 zone combined with a broad based USD bid were too much to overcome. A recovery in US bond yields… Read more

EUR/USD After Asia’s failed attempt to bid prices back above 1.3300, EUR/USD trundled lower on spec selling interest that intensified after Yellen’s JH speech. The session low at 1.3220 landed right on the 61.8% retracement of the ’13-’14 rally. Neither Yellen’s speech nor the papers… Read more

EUR/USD A new trend low of 1.3242 was carved out in Asia, but by then the USD bid from the Fed Minutes had been priced into a market that remains oversold and heavily net spec short EURs heading into Yellen and Draghi’s Jackson Hole speeches… Read more

EUR/USD Oversold or not, and with net spec EUR IMM shorts near ’12 wides, the surprise for some this week is the renewed breakdown in the EUR/USD sans a meaningful correction. Today’s drubbing began with barriers and stops at 1.3300 knocked out, reportedly after ACB… Read more