EUR Trading Outlook Archive

The Euro (EUR) the EUR/USD fell back from 1.3670 to 1.3570 in gentle trade as the recent rally came under profit taking pressure. The negative EFSF news did not have much of an effect with most analysts seeing the Slovakia vote passing soon. ECB President… Read more

The Euro (EUR) the EUR/USD once again was the main leader in the market as sellers exited on the raft of supporting comments coming from European officials. The sentiment has changed drastically in the last 4 days and we are now looking for resistance after… Read more

The Euro (EUR) the Euro opened Monday low after the downgrade of Spain and Italy causing lingering concerns with the rating on negative outlook. The market was supported over the weekend by a show of unity from Sarkozy and Merkal saying they will do whatever… Read more

The Euro (EUR) was well supported on dips with the panic leaving the market and stocks rallying. September PMI services fell to 48.8 vs. 49.1 previously. August Retail Sales fell -0.3%m/m as forecast. Sentiment was helped by German Chancellor Merkel comments her government was ready… Read more

The Euro (EUR) the Euro lifted from sub 1.3200 level to break above 1.3300 on the positive news flow regarding the European banks and progress on the Greek bailout. Concerns still remain but the heavily oversold currency was able to enjoy solid gains against most… Read more

The Euro (EUR) the Euro was the worst performer leading the market lower with Greece set to miss both 2011 and 2012 deficit targets and pressure on European banks mounting the outcome is becoming more unclear. The ECB meeting is forming as a key risk… Read more

The Euro (EUR) continued to slide with talk Greece will not meet deficit targets putting more pressure on the German and French politicians to support the troubled country. Concerns are also evident in the banking sector with more European banks having to tap Dollar funding… Read more

The Euro (EUR) the Euro hit day highs after the passing of the ESFS vote from Germany by a large majority but the market sold after this event with uncertainty still remaining. Support was found though on the dip below 1.3600 at a higher low… Read more

The Euro (EUR) the EUR/USD fell from the 1.3600 to 1.3520 in late US session before stabilizing at lows. The lack of progress on the Greece debt deal and talk of a European financial tax is creating risk off trading environment as a solution is… Read more

The Euro (EUR) the EUR/USD broke above 1.3600 as the market reacted to positive news of support for Greece from other EU member states and talk the ESFS will be expanded continued aiding the relief rally. From the Greece side news that the property tax… Read more