EUR Trading Outlook Archive

The Euro (EUR) the EUR/USD continued its slide to test 1.3200 on Friday with the USD resurgent and news mildly Euro negative. Talk emerged on Friday that Greece may need a third bailout and Spain’s budget deficit has come under scrutiny given its large revised… Read more

The Euro (EUR) a dip below 1.3300 did not last long and the pair finished at 1.3330 with some mixed news overnight. Eurobond Auctions were strong overnight and the ISDA Ruled that recent Greek Debt deal did not constitute a default. February CPI at 2.7%… Read more

The Euro (EUR) the big news in the European session was the second LTRO which saw 530bn lent out to 800 European banks. The market didn’t really react however as 500bn was expected and had already rallied to the day before. The failure to break… Read more

The Euro (EUR) the Euro fell going into Europe as the ECB suspended accepting Greek bonds as collateral but given the relatively small size of this asset and expectations of a strong take up of lending tomorrow the bulls are looking to retest 1.3500 in… Read more

The Euro (EUR) the weakness against the USD was amplified against the Yen which slumped over 200pips overnight with a dramatic reversal after running up to Y110 in recent weeks. The move looks like profit taking but the downgrade of Greece to selective default has… Read more

The Euro (EUR) the EUR/USD continued to push higher after breaking out on Thursday last week above 1.3300. The 1.3500 level should also slow the ascent with some concerns remaining about Eurozone bailouts which go to the vote in Germany and other EU countries in… Read more

The Euro (EUR) February German IFO improved to 109.6 vs. 108.7 previously helping inspire broad Euro strength. The EUR/GBP tested 0.8500 as the UK Asset purchase program expansion weighed on the Pound. EUR/CHF is also interesting stable near the 1.2050 with the 1.2000 SNB level… Read more

The Euro (EUR) EUR/USD kept to a 50 point range in quiet trade with little direction and mixed headlines out of Europe. With stocks up and down and the Greece saga settling down traders took a break from the single currency. In US stocks, DJIA… Read more

The Euro (EUR) the continued failure 1.3300 is leaving the recent range in place with the Greece resolution unable to provide enough inspiration to break higher. The outlook is mixed with the US economy picking up and recession in the Austerity hit Eurozone expected for… Read more

The Euro (EUR) EUR/USD rally extended on Friday to 1.3200 but lacked the Greek confirmation to push above the level and closed at 1.3150. The Asian open saw a break above 1.3200 and consolidation ahead of the European session. The EU finance ministers are meeting… Read more