EUR Trading Outlook Archive

The Euro (EUR) some comments from ECB member Asmussen hurt the EUR/USD in late US trade with comments that the ECB will only buy bonds after the ESM and even this was conditional. The remarks were taken as downplaying the chance of the ECB intervening… Read more

The Euro (EUR) came under pressure as some German politicians talked about the costs of a temporary Greece exit from the Eurozone and no fresh help was coming from German and French leaders after they met with the Greece leader Samaras. Over the weekend however… Read more

The Euro (EUR) the EUR/USD hit fresh highs intraday as crosses continued to be unwound especially against the AUD. The EUR/AUD has risen from all-time lows near 1.1600 to above 1.2000 overnight as traders take profit and bet on the survival of the Euro. There… Read more

The Euro (EUR) the EUR/USD rally continued overnight on the back of the US FOMC minutes to break above 1.2500. The market is hopeful that the ECB will announce some form of Bond Buying program in the coming weeks and release the third tranche of… Read more

The Euro (EUR) the EUR/USD finally broke resistance overnight to fresh rally highs above 1.2450 on the back of falling Spanish and Italian debt yields and talk Germany was relaxing its demands with regards to Greece Debt restructuring. The next big level is 1.2500 and… Read more

The Euro (EUR) the EUR/USD dipped to 1.2300 in Europe but murmurs of ECB bond buying in some form have helped lift the pair in the US session back to 1.2350. Strong resistance has been registered between 1.2380-1.2500 over the past few weeks so concrete… Read more

The Euro (EUR) the EUR/USD fell below 1.2300 bouncing into the close for only small losses on the day. The market is concerned that the bulls are running out of steam as each attempt higher has failed. The headlines out of Europe continued to be… Read more

The Euro (EUR) the EUR/USD popped above 1.2300 and shot to 1.2350 with European banks surging on reports Spain should accept fiscal reforms for heavy ECB intervention in the bond markets. The rally was helped by German Chancellor Markel’s comments she backed ECB Draghi’s pledge… Read more

The Euro (EUR) the EUR/USD suffered at the hands of the stronger USD falling back below 1.2300 in a gentle move lower. EUR/JPY buying is supporting the major and if US stocks continue to rally it is hard to see the EUR/USD continued to be… Read more

The Euro (EUR) some better than expected German Q2 GDP figures helped the Euro hit day highs above 1.2380 but this was short lived as the major fell back to lower 1.2300 region after the strong US data. Some negative headlines emerged later regarding Greece… Read more