EUR Trading Outlook Archive

EUR/USD A brief lift in early Europe saw the pair bounce off support near 1.3520 and touch 1.3540. Bears were lurking though and pushed the pair back below 1.3530 into NY’s open. US data was mixed with jobless claims improving but housing and permits data… Read more

EUR/USD Europe’s bears pressed EUR/USD lower through their morning. EUR sales inspired mostly by EUR/GBP selling after UK jobs initiated EUR/USD’s slide. Selling began near the 1.3570 area and continued into NY’s open where the pair sat just below 1.3540. The June PPI was above… Read more

EUR/USD A disappointing ZEW report and a renewed slide in Portugal’s BES shares saw Europe drive EUR/USD lower. The pair was driven down from the 1.3628 high and back below the 21-DMA. It hit 1.3587 before bouncing towards 1.3605 into NY’s open. Early NY saw… Read more

EUR/USD Short squeezes in EUR vs. JPY & GBP spiked EUR/USD to 1.3640 in Europe’s morning. Solid offering interest into 1.3650 prevented further gains and the pair slid towards 1.3625 as NY got going. The USD was firm for the most part in NY as… Read more

EUR/USD Short covering from the July 10 sell-off saw EUR/USD pushed up to the 200-HMA in Europe’s morning. The quieting of the Banco Espirito Santo issue seemed to be the main driver for the gains. Offers at the MA and just above stalled the rally… Read more

EUR/USD Weak econ data from France & Italy added to concerns over EZ banks and rising EZ peripheral bond yields. Bears pushed EUR/USD from Europe’s 1.3651 high and had it near 1.3625 as NY got going. NY added pressure right out of the gate. The… Read more

EUR/USD Offers into the 200-HMA and 1.3640/50 zone saw Europe smash EUR/USD lower from the 1.3631 level & have it sitting just above 1.3600 into NY’s open. Early action was limited but the pair looked set to make further losses as US yields and the… Read more

EUR/USD Europe aided a short-term recovery for the pair as they walked in with the pair just above the late-June lows. The lift had the pair just below 1.3600 into NY’s open. Speculation of reserve manager diversification and noted corporate buying were the main drivers… Read more

ASIA FX MARKETS OPEN FRIDAY, JULY 4, 2014 NFP LIFTS USD, NOT ENOUGH TO BREAK RANGES Market Briefs• DJIA closes above 17k for first time, S&P 500 hits fresh record• US Non-Farm Payrolls Jun +288k, f/c 212k, +224k-prev• US Private Payrolls Jun +262k, f/c 210k,… Read more

EUR/USD An early European lift for the pair couldn’t break s-t resistance near 1.3685 and the pair drifted lower. The big beat on UK’s June PMI sent GBP higher and EUR/GBP plummeting through 0.7970/75 support. it eventually hit a low of 0.7950 (D3). EUR/USD was… Read more