EUR Trading Outlook Archive

The Euro (EUR) the market is rife with rumors of IMF bailouts for Spain after the IMF leader laGarde had meetings with Spanish officials overnight. These have been denied but the market managed to rally briefly as Greek exit polls showed more support for staying… Read more

The Euro (EUR) the deepening Spanish crisis is reaching a critical stage where the fate of the union is now in the hands of EU officials in the next few weeks. Spanish bond yields crept to 6.7% and analysts suggest the 7.0% level is where… Read more

The Euro (EUR) the rejection of the Spanish banking bailout by the EU is creating fresh selling in the Asian session Wednesday with a move to 2 year lows on the EUR/USD under 1.2500 opening up a move to 1.2300. EUR/USD is struggling to rally… Read more

The Euro (EUR) the Spanish bond yields increased to 6.5% the highest since last November overnight as the risk of default increased as Spanish bank bailouts from Spanish government linked their fate together. The EUR/USD rally above 1.2600 was reversed quickly on news of the… Read more

The Euro (EUR) news the Spanish Catalan state needed a bailout hurt sentiment and helped EUR/USD sellers break the 1.2500 barrier briefly but good support was seen underneath and we finished near opening levels at 1.2520. The EUR/USD opened up strong on Monday however as… Read more

The Euro (EUR) moved lower in early European trading as Flash PMI numbers fell considerably short of expectations, added to a sharp decline in German IFO business climate for the month of May, raising further fears of global activity slowing. The single currency trade as… Read more

The Euro (EUR) spiraled to new multi-month lows as Reuters reports circulated that the “Euro group were asked to prepare a Greek exit contingency plan”. Stock markets were sent in to a free fall, dragging the Eurodollar along for the ride to trade at its… Read more

The Euro (EUR) saw any hope of revival dismissed as former Greek Prime Minister Papademos admitted to the fact that “risk of Greece leaving Euro is real”, “Preparations for Greece Euro exit are being considered” indicating that it could cost anywhere between 500 Billion to… Read more

The Euro (EUR) staged a revival on Monday as sentiment improved following a pledge by the G8 leaders to rejuvenate the global economy and preventing a breakup of the euro zone. Boosted by bargain hunters and a rally in regional stocks, the single currency rallied… Read more

The Euro (EUR) shrugged off incessant downward pressure in late trade on Friday as leaders of the G8 re-iterated their commitment to maintaining Greece’s membership in the Euro Bloc. “We re-affirm our interest in Greece remaining in the euro zone while respecting its commitments”. Pro-growth… Read more