EUR Trading Outlook Archive

EUR/USD Light short covering in Europe’s morning lifted EUR/USD from below 1.3380 to 1.3402 just ahead of NY’s open. Hawkish comments from the Dallas Fed’s Fisher saw the pair pressed below 1.3390. The combination of NFP’s miss, uptick in the U rate and below f/c… Read more

EUR/USD The pair held to a relatively tight range as it consolidated recent losses ahead of key data risk. Europe pushed EUR/USD lower from just above 1.3400 towards 1.3385 into NY’s open. Firm US bond yields o/n pressed the USD higher to aid the pair’s… Read more

EUR/USD Steady bullish USD pressure saw Europe crack the 1.3400 barrier. Downside follow through was limited as the pair bounced off 1.3394 and sat near 1.3400 into NY’s open. Tight ranges held even after ADP’s miss saw only a limited lift. GDP’s big upside surprise… Read more

EUR/USD An early rise in Europe was rebuffed at 1.3444 as Asian & spec offers touted near 1.3450 kept bulls from pushing too hard. A slip from the day’s high had the pair near 1.3435 as NY got going. US yields were on the soft… Read more

EUR/USD NY saw tight ranges carry over form the overnight session. The pair did have a tint of short covering added to it as specs lightened up ahead of big event and data risk due later in the week. Short covering in NY saw the… Read more

EUR/USD The below f/c German IFO data ignited EUR/USD’s latest leg lower in Europe’s session. The pair collapsed from 1.3475 to 1.3440 before bouncing towards 1.3455 into NY’s open. NY immediately applied pressure even after May’s durable goods orders saw a big downward revision. Sour… Read more

EUR/USD Europe lifted EUR across the board after EZ PMIs came in better than forecast. EUR/USD was lifted from below 1.3440 to a 1.3485 high before slipping back near 1.3470 into NY’s open. Better than f/c US weekly claims data put the USD and US… Read more

EUR/USD The pair held near its new trend low for most of NY and Europe. Bids ahead of the 1.3450 barrier and a solid bounce in EUR/GBP prevented bears from pushing further. EUR sales vs. the commodity currencies kept what meager EUR/USD rallies there were… Read more

EUR/USD The attempt to breech 1.3550/75 resistance in Asia failed and Europe pressured EUR/USD lower during a session that saw relatively quite trade. the pair sat near 1.3520 as NY got going. Bear in NY managed to push a bit lower as a 1.3513 low… Read more

EUR/USD A quiet overnight session quickly erupted into a bearish frenzy. After sitting in a tight near-20 pips range EUR/USD dived in early NY. The action seemed ignited by a double shot of bad news out of the EZ. Belgium consumer confidence hit the lowest… Read more