EUR Trading Outlook Archive

The Euro (EUR) quiet markets and light volumes saw the EUR/USD struggling to move higher with stocks. There was little new negative news but traders were hesitant to hold long Euros over the extended Christmas and New Year break. Looking ahead, Bank Holiday.

The Euro (EUR) the Euro had a rally above 1.31 in Europe but struggled to hold onto the gains as Bond yields in Italy and Spain remain stubbornly high. The market is very cautious and does not want to be caught long if the market… Read more

The Euro (EUR) the EUR/USD spiked higher on the excellent demand for the new ECB lending facility. After testing 1.3200 however the market reversed and fell during the US session as analysts suggested banks would not use the money to invest in European bonds. Yields… Read more

The Euro (EUR) the market was caught short yesterday with a positive Spanish bond auction the catalyst for a surge to 1.3180 in Europe. Today the ECB will launch a new lending facility that may further decrease pressure on European banks and Sovereign bonds and… Read more

The Euro (EUR) the Euro was extremely contained with a dip below 1.3000 in Asia on the North Korea news reversed in Europe. A daily range on only 60 pips us extremely tight given the debt crisis and highlights the holiday period we have entered…. Read more

The Euro (EUR) the EUR/USD enjoy a brief rally to 1.3080 but this was wound back after Rating agencies continued to warn European countries with downgrades if the debt crisis continued. Belgium was downgraded after the close but this had little effect on the Euro… Read more

The Euro (EUR) The EUR/USD was volatile but closed above the 1.3000 level as sellers took profit and yields on Spanish and Italian debt fell back from Wednesday highs. EU inflation was confirmed at 3.0% y/y in November and Composite PMI was steady at the… Read more

The Euro (EUR) yields continued to edge higher in Europe with Italian and Spanish debt both moving closer to the 7% level seen as the tipping point. EUR/USD broke below 1.3000 but the market did find support at 1.2950 and settled into a tight range… Read more

The Euro (EUR) the Euro fell down to the key 1.3000 level but failed to break the key level and closed just above. The market was rattled by Germany’s Merkal comments she was against the increase in the ESM bailout facility beyond 500bn. German December… Read more

The Euro (EUR) the EUR/USD broke down to multi month lows on the back of the rating agencies dissatisfaction with the EU summit and the negative rating watch remains for most of Europe. Yield on Italian bonds crept higher towards the 7% level on the… Read more