EUR Trading Outlook Archive

EUR/USD After trundling in a tight range capped by offers at 1.3400 all night and into the NY morning, EUR/USD finally broke below that range and the 200- HMA on word the NAHB was better than forecast, but the sell-off fizzled after there was no… Read more

EUR/USD Those traders long EUR/USD and hoping for a short squeeze into the weekend were foiled again. Europe lifted the pair off hourly support near 1.3360 and had it just above 1.3390 into NY’s open. The lift continued in the early hours of NY trade… Read more

EUR/USD Europe bought EUR/USD right out of the gate as the pair sat just below 1.3350. The lift had the pair near 1.3380 into NY’s open. The higher than forecast jobless claims data sent US yields lower and narrow yield spreads. The USD went offered… Read more

EUR/USD Europe tried to run the pair through the August 12 low but failed as profit taking from s-t macros halted the drop and a low of 1.3342 was hit. The subsequent bounce had the pair near 1.3365 into NY’s open and the US retail… Read more

EUR/USD The weak German ZEW data sent EUR/USD to a low of 1.3336 just ahead of NY’s open. Profit taking by intra-day names and bids ahead of the 1.3325 barrier stalled the slide. Early NY action saw the USD weak as a large US name… Read more

EUR/USD Traders largely ignored Stanley Fischer’s first speech as a Fed member where he leaned dovish. They instead focused on the firm USD and early lift in US bond yields. Although action was limited in EUR/USD it did remain on the heavy side for the… Read more

EUR/USD The sour risk brought on by the US air strike news couldn’t gain traction in Europe’s morning. Right out of the gate the pair lifted from below 1.3360 & hit 1.3408. EUR/USD dipped back below 1.3380 & sat sub-200-HMA into NY’s open. Risk sentiment… Read more

EUR/USD Europe was quiet pre-ECB. Rates were unchanged & EUR/USD held just below 1.3375 into Draghi’s presser. A mention of intensified prep work on ABS by Draghi early in his presser saw algos take the baton & run. The pair sank near 1.3350. As Draghi… Read more

EUR/USD Weak German factory orders for June combined with Italy’s Q2 GDP contraction to drive EUR/USD to a new trend low (1.3333) just before it bounced to 1.3345 into NY’s open. NY saw short covering early as bids into a 1.3325 barrier, the weekly cloud… Read more

EUR/USD Above f/c EZ services PMIs & above f/c retail sales results were ignored by Europe as broad based USD strength prevailed. A sharp sell-off saw RM bids into the 1.3400 area filled & the pair slip towards 1.3690 into NY’s open. Recent US bond… Read more