The Euro (EUR) rallied throughout much of Monday, aided by a rally in European share markets on speculation that further attempts would be extended to address the regions debt crisis. Reports circulated via CNBC that EU Officials were in advanced discussion of expanding the EFSF… Read more
EUR Trading Outlook Archive
Euro (EUR) Trading Outlook (27-09-2011)
September 27, 2011Euro (EUR) Trading Outlook (26-09-2011)
September 26, 2011The Euro (EUR) whipped around on Friday, succumbing to significant pressure, before pairing much of its losses as stock markets turned positive late in the session in the hope that Central Banks may provide further measures to support the regions debt crisis. With the Euro… Read more
Euro (EUR) Trading Outlook (23-09-2011)
September 23, 2011The Euro (EUR) was significantly weaker on ongoing debt concerns, with the euro easing from levels above 1.3580, to lows near 1.3380. A disastrous showing in euro stocks did little to boost confidence, with the German DAX down 5.0%, whilst the French CAC fell 5.2%…. Read more
Euro (EUR) Trading Outlook (22-09-2011)
September 22, 2011The Euro (EUR) initially rallied throughout the European session and early part of US trading, before spiraling from levels near 1.3800 to lows of 1.3555 as US equity markets turned aggressively south. Ongoing concern of Greece defaulting, and reports from the IMF that European banks… Read more
Euro (EUR) Trading Outlook (20-09-2011)
September 20, 2011The Euro (EUR) began the trading week under extreme pressure trading at a fresh 7 month low of 1.3588, following a lack of development from the weekends EcoFin meetings, with reports circulating that disagreements remain high between EU and US policy makers. Further, a teleconference… Read more
Euro (EUR) Trading Outlook (19-09-2011)
September 19, 2011The Euro (EUR) initially rose through the trading day, but eased from highs of 1.3865 to close at 1.3785 leading into key event risks over the weekend. Ultimately, the meeting of EU Finance Ministers failed to speed up plans to deal with the Euro Zone… Read more
Euro (EUR) Trading Outlook (16-09-2011)
September 16, 2011The Euro (EUR) the Euro was the main benefiter from the central bank coordination and the EUR/USD pushed higher to 1.3900 before easing back to 1.3850 for the rest of the day. The outlook is still extremely uncertain with the EU finance ministers meeting today…. Read more
Euro (EUR) Trading Outlook (15-09-2011)
September 15, 2011The Euro (EUR) took heart from the positive comments from European leaders and the Eurobond suggestion to rally above 1.3750. The market will now be looking ahead to Moody& rsquo s Italian rating decision and the EU Finance ministers meeting for further news on the… Read more
Euro (EUR) Trading Outlook (14-09-2011)
September 14, 2011The Euro (EUR) was supported from positive expectations from the EU finance ministers meeting later in the week with talk US Treasury Secretary Geithner will be attending and he will press for an increase in the EFSF bailout fund. Also talk that China and the… Read more
Euro (EUR) Trading Outlook (13-09-2011)
September 13, 2011The Euro (EUR) the EUR/USD plunged going into Europe hitting 1.3500 before reversing and grinding higher for the rest of the day. The Chinese Italian bond news helped support into the close and the pair finished near highs at 1.3680. Italian July Industrial Production fell… Read more