EUR Trading Outlook Archive

The Euro (EUR) fell post US jobs number with the disparity between the two economic recoveries becoming more evident. The other issue is concern that the Greece politicians are facing too much pressure from their people to accept tough new additional austerity measures and as… Read more

The Euro (EUR) the EUR/USD traded in a relatively tight range between 1.3100 and 1.3175 supported on the back of positive Spanish Bond Auctions. The market is waiting final details on the Greece debt deal expected today for next direction before the US jobs data… Read more

The Euro (EUR) the EUR/USD continued to gyrate violently throughout the trading day down in Asia and hitting fresh week lows under 1.3050 before reversing and catching the market short heading back to 1.3200. Talk continued that a Greece debt deal was very close but… Read more

The Euro (EUR) the EUR/USD moved to 1.3200 on the back of the positive Greece news but then reversed for the rest of the day as US stocks turned negative. Support was found at 1.3080 on the major but some highlighted the European job situation… Read more

The Euro (EUR) the Euro selling began in Asia and continued throughout Europe on the back of conflict between Germany/Greece on the next Greece budget but some positive comments from Portugal and seemingly successful EU summit allowed a bounce. The buying is accelerating on Tuesday’s… Read more

The Euro (EUR) the Euro broke above 1.3200 as the short squeeze pushed higher into the weekend with many traders caught short below 1.3000 from earlier in the week. The market could still go back to selling mode if the Greece debt deal falls apart… Read more

The Euro (EUR) the EUR/USD moved to the 1.3180 resistance level in Europe overnight buoyed higher by reports of some progress in the Greece debt deal negotiations and the large rally in US stocks the post FOMC meeting. Profit taking hit during the US session… Read more

The Euro (EUR) with the debt standoff continuing overnight between private debt holders and the EU finance ministers the Euro slumped to day lows under 1.2950. The mood was reversed though with the FOMC sinking the Dollar and the EUR/USD breaking above 1.3100. UPDATE GERMAN… Read more

The Euro (EUR) concerns over new threats to the Greek debt deal was countered by stronger than expected economic data. January PMI surveys showed improvement with Manufacturing improving to 48.7 vs. 46.9 previously and Services at PMI forecast at 50.5 vs. 48.8. Also helping sentiment… Read more

The Euro (EUR) the EUR/USD broke above 1.3000 as the short squeeze continued until finding resistance at 1.3050. The positive Greece news has been somewhat hampered in the Asia session Tuesday as comments from some EU officials they are not happy with the terms the… Read more