EUR Trading Outlook Archive

The EUR/USDeased by 11 points as the greenback recovered from its recent low ahead of ISM data due later in the trading day. The euro-area unemployment rate was unchanged in May as the currency bloc struggled to shake off the legacy of the debt crisis.

The EUR/USDsoared and then eased a bit after the release of CPI data. The euro is treading at 1.3655. The euro has strengthened against the dollar on 30 June in early trade despite mixed data signals from the Eurozone, helped by the dollar’s weakness after… Read more

EUR/USD opened NYC 1.3611 -15 pips vs last night’s close, O/N range 1.3610/35. No strong flows and the presence of nearby strikes once again corralled EUR/USD. The NYC range was 1.3610/48 and we’re heading to the close at the highs. U-Mich beat f/c but had… Read more

EUR/USD opened NYC 1.3613, -15 pips vs last night’s close, O/N range 1.3611/42. O/N price action saw EUR/GBP selling at the fixes & after a shift in UK mortgage rules. Positioning was the primary factor that drove EUR/USD to global session lows. Spec buyers long… Read more

EUR/USD opened NYC 1.3604, “unch” vs last night’s close, O/N range 1.3601/19. Profit-taking in EUR/GBP pulled EUR higher overnight but ranges remained tight. US GDP data was not expected to generate much of a stir but the massive downgrade TO -2.9% sparked a stop loss… Read more

EUR/USD opened NYC 1.3620/25, approx 20 pips up vs last night’s close, O/N range 1.3593/1.3628. Soft German IFO, differences between the UK & EU ahead of the weekend European summit and rising support for an easing in the EZ’s austerity approach weighed on EUR/USD in… Read more

EUR/USD opened NYC 1.3586, -15 pips vs Friday night’s close, O/N range 1.3574/1.3614. Soft French PMI undermined the EZ average and dropped EUR/USD to O/N lows. NYC traders had little risk appetite and were content to trade inside Europe’s ranges, 1.3581/1.3604. A plethora of ECB… Read more

EUR/USD Offers from ACBs and spec into 1.3650 were once again too much to overcome. Europe pushed EUR/USD from its 1.3634 high(aided by EUR/GBP’s slide to 0.7969) and it sat near 1.3695 into NY’s open. Pressure remained on the pair in early NY as US… Read more

EUR/USD Short covering for EUR bears (particularly vs. GBP) drove EUR/USD above 1.3600 in Europe and tripped stops. Follow through saw a 1.3644 high before the pair pulled dipped near 1.3615 into NY’s open. US bond yields were soft early on and the USD was… Read more

EUR/USD EUR bears covered shorts in European hours, mostly vs. GBP, and EUR/USD lifted from s-t sup near 1.354. It sat just above 1.3560 into NY’s open. The pair’s bid persisted in early NY after the US current account misses big. A lift near 1.3585… Read more