EUR Trading Outlook Archive

The Euro (EUR) the Euro hit day highs in late Asia but reversed in the European session with a break of 1.3000 going to require a positive outcome to the Greece debt deal negotiations still ongoing. Some news over the weekend that showed the standoff… Read more

The Euro (EUR) the Euro rallied sharply for a second day heading back towards 1.3000 as fears the debt crisis spreading begin to ease and shorts in the market take profit. Most crosses led by the EUR/JPY had very strong gains and helped sustain the… Read more

The Euro (EUR) the EUR/USD moved sharply higher from 1.2650 to 1.2800 on the back of the stunning drop in the January German ZEW survey and the better than expected Chinese GDP at 8.9% vs. 9.1% forecast. The German ZEW fell from -53.8 to -21.6… Read more

The Euro (EUR) the EUR/USD moved sharply higher from 1.2650 to 1.2800 on the back of the stunning drop in the January German ZEW survey and the better than expected Chinese GDP at 8.9% vs. 9.1% forecast. The German ZEW fell from -53.8 to -21.6… Read more

The Euro (EUR) support was solid at Friday’s low near 1.2625 and the market crept higher for the rest of the day. The downgrade of EFSF could mean that Germany would have to bear a bigger burden with its AAA rating to give more confidence… Read more

The Euro (EUR) traders sold the Euro across the board as rumors and then a confirmation of downgrades swept the market Friday night. The biggest news was that France had been included and this set the French government into damage control. The big concern is… Read more

The Euro (EUR) the ECB meeting saw interest rates held at 1.0% as expected but President Draghi was quite optimistic in his press conference noting there are tentative signs the European debt crisis is stabilizing. This combined with the positive Spanish auctions saw the Euro… Read more

The Euro (EUR) the unnecessary use of the word cataclysm from rating agency Fitch when warning the ECB to buy more Bonds spooked the market sending the EUR/USD to fresh lows under 1.2700. The market then stabilized and managed a lackluster bounce in the US… Read more

The Euro (EUR) the markets took heart with Fitch comments that Germany’s rating was safe at AAA and France is unlikely to be downgraded in 2012 and only Italy is currently at threat of imminent Downgrade. The EUR/USD and EUR/JPY both enjoy a relief rally… Read more

The Euro (EUR) the market opened very weak on Greece default fears but then reversed in Europe on short covering and bargain hunting in crosses. EUR/JPY was below Y98 and even though Japan was on holiday’s demand was found and the pair rallied back above… Read more