EUR Trading Outlook Archive

The Euro (EUR) could not reclaim the 1.2800 handle and traders sold down to 1.2700 support in the US session. So far on Friday we are getting a nice bounce but without positive Greece and Spanish news we are unlikely to get far. The ECB… Read more

The Euro (EUR) an initial rally to 1.2880 on the back of Obama’s victory and perceived continuation of the same FED policy. US Treasury Yields dropped sharply and while this is usually negative for the USD the reason for the fall was an increase in… Read more

The Euro (EUR) the EUR/USD was under pressure before the US elections began with Greece remaining unresolved and the date of action pushed back until late November. If Greece votes not to accept the latest round of labor reforms and not receive bailout aid then… Read more

The Euro (EUR) the EUR/USD failed to bounce from Friday lows and we saw continued selling of the major throughout the day. Support was found less than 1.2800 and we settled into a tight range. Delays to Greece’s aid until later this month are adding… Read more

The Euro (EUR) was crushed lower to fresh multi week lows under 1.2900 with USD strength too much for the Euro bulls to handle. Greece concerns have resurfaced with the talks stalling as the opposition resists proposed new labor reforms. The Trioka has not released… Read more

The Euro (EUR) support was found under 1.2900 and we closed at the figure with risk off trade encouraging the bears to test downside. Spanish PM Rajoy stated he was personally against the idea of a budget commissioner and would call for rescue package if… Read more

The Euro (EUR) focus on Greece once again with a leaked troika report suggesting other EU nations would have to take a haircut on their current loans and allow up to 2 more years for Greece to implement the Austerity/labor reforms. Adding to the uncertainty… Read more

The Euro (EUR) broke above 1.3000 in European trade but the move was short lived with EUR/GBP and EUR/AUD selling weighing on the major. Concerns that Greece could not come to a political agreement on the new labor reforms with opposition rejecting the Troika’s demands…. Read more

The Euro (EUR) rumors that Greece would receive a two year extension to achieve budget reforms from the Trioka was quickly refuted by the German FinMin who clarified no final decision has been made. ECB President Draghi was in Germany trying to convince the parliament… Read more

The Euro (EUR) the EUR/USD was under pressure with Spanish Yields increasing again. The lack of clarity or timetable is weighing on sentiment with investors hoping Spain will apply for access to the OMT. The market could force Spain via a sharp spike on Bond… Read more