Tag Archives: Euro

Euro: Too much hate?

Click here to view the PDF versionWednesday 5 November 2014 Quotable“But I don’t want to go among mad people,” Alice remarked.“Oh, you can’t help that,” said the Cat: “we’re all mad here. I’m mad. You’re mad.”“How do you know I’m mad?” said Alice.“You must be,” said the Cat, “or you wouldn’t have come here.”― Lewis Carroll,

27 Oct. EU bank stress tests see Euro open higher. Focus this week: FOMC, US GDP, EU CPI, RBNZ.

Friday finished a generally choppy session, with much of the focus on the US equities markets again as they headed higher, as risk sentiment continues to recover from the recent sell-off. This theme may continue after the weekend EU bank stress tests came in pretty much as expected.There is plenty of data out in the next

Today’s Trading Edge: EUR/USD- Germany doesn’t look that bad, euro rallies

EUR/USD sold off after the 3:00 am French Flash Manufacturing data release disappointed.  Business activity declined for a sixth consecutive month as manufacturing PMI printed at 47.3, much lower than the prior 48.8 reading and 1.3 points below the forecast.  The currency reaction to the release made a session low of 1.2613.  Thirty minutes later,

23 Oct: Euro under pressure ahead of global PMI’s.

The dollar is generally firmer again today ahead of the global manufacturing PMI’s, which will include various EU members, but kicking off today with the HSBC China figure.  Cable is soft following the dovish BOE Minutes. Elsewhere WTI took another hit after the inventories report rose three times more than market expectations. PMI’s aside, today sees

22 Oct. Euro lower on report of ECB bond buying programme. Australian, US CPI’s coming up.

The Euro headed lower against the dollar today, taking most of the other majors with it following a Reuters report that suggested the ECB is ready to begin buying corporate bonds as soon as December. Stock soared on the news as risk sentiment improved, although the Yen failed to notice and still sees decent demand against

Euro in New York: The FOMC Minutes

The euro opened at 1.2653 n New York (8:30 am) having traversed a 1.2623-85 range in the Asian and European sessions. Yesterday’s 8 point fall in the US 10-year Treasury rate to 2.34% left the dollar vulnerable ahead of the 2:00 pm release of the FOMC minutes from the September 16-17 meeting. Recent soft-pedaling by several Fed

8 Oct:US$ weak, Euro firm despite poor German data. Stocks sold heavily on IMF report. FOMC minutes today.

The dollar is weaker again today, with the Euro holding its ground despite some dire German industrial data and an IMF report, warning of a downturn in the global growth outlook and the chance of the EU heading towards a deflationary cycle. The Yen has had its best gains against the dollar in 8 months

The Euro Pause

The euro is down 10.7% percent to the low at 1.2501 (10/3) sinceMay 8th . That was the day of the ECB meeting when President Draghi promised to begin quantitative easing (not his words of course). Today’s 80 point bounce is not the first on the way down.  There was an 150  point rebound on June

3 Oct: Euro firmer after ECB. US$ generally softer as focus now turns to NFP.

The dollar is generally softer again ahead of the NFP due later today and markets will be pretty much on hold until then. It was a wild ride in the equity markets, where European indices suffered substantial losses after Mario Draghi disappointed the market in failing to mention any hint of QE within the EU.  US

The Euro Swoon

This summer the U.S. dollar has had the best sustained performance against the euro in almost four years, gaining 9.7 percent versus the united currency in the five months since May 1st. It has been the type of sustained move that currency traders treasure and that historically has been triggered by a change in central