Tag Archives: Euro

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Forex: Euro May Rebound in Quiet Trade, Offering a Short Trade Setup

Forex: Euro May Rebound in Quiet Trade, Offering a Short Trade Setup

Talking Points: Euro May Lead Amid Correction, Offering a Short Trade Setup Japanese Yen Soft in Asia as Nikkei 225 Futures Gap Upward New Zealand Dollar Rebounds After Last Week’s Blood-Letting The economic calendar is quiet in European and US trading hours, offering little by way of market-moving event risk. That opens the door for
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ECB Open to Euro Intervention, Draghi Comments Spark EURUSD Selling

Talking Points: -Rates on hold at 0.25%, MLF at 0.75%, DFR at 0.00% -Euro spike at release and presser, intervention talk sparks selling Draghi Comments: -ECB open to intervention in June if needed -FX risks to be monitored closely -Euro’s impact on inflation is a serious cause for concern -Exchange rate and weak domestic demand
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EURUSD Rises as Euro Area April Services Grows at Fastest Pace Since June 2011

Talking Points: Eurozone Composite In-Line with Previous Estimates Euro Extended its Gains Against the US Dollar Focus Turns to ECB Monetary Policy Statement Later This Week The regional Eurozone Composite PMIconfirmed preliminary estimates showing manufacturing- and service-sector activity grew at the fastest pace in three years. However, the positive figures may not be enough to
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EURUSD Rises as Euro Area April Services Grows at Fast Pace Since June 2011

Talking Points: Eurozone Composite In-Line with Previous Estimates Euro Extended its Gains Against the US Dollar Focus Turns to ECB Monetary Policy Statement Later This Week The regional Eurozone Composite PMIconfirmed preliminary estimates showing manufacturing- and service-sector activity grew at the fastest pace in three years. However, the positive figures may not be enough to
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Economic Calendar: Euro and Australian Dollar to Face Central Bank

Talking Points: -Australian Dollar faces RBA, Employment Figures and a Statement on Monetary Policy. -Canadian Dollar is at risk if data falters in 2Q, housing sector at risk of correction. -Euro crosses face the risk of verbal intervention from ECB’s Draghi following April CPI. -Bank of England Rate Decision on economic calendar for Thursday, May
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Euro Ignores Worse-Than-Expected CPI Underlining Risk of Deflation

Talking Points: Eurozone Inflation Disappoints Euro Rally May Be Fueled by US GDP Dragging on Fed policy Outlook FX Strategist Jamie Saettele, CMT Looks for A Top Eurozone CPI for April reported worse-than-expected as preliminary figures saw inflation rise 0.7 percent, missing expectations calling for a print of 0.8 percent. Core-CPI reported in-line with estimates
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15 April: Solid US data, ECB comments support US$, keep the Euro under pressure.

Aud, Kiwi firm, as risk sentiment improves after a bounce in equities. RBA minutes ahead. Solid US retail sales helped the dollar and equity markets today, while the Euro was under pressure from comments on monetary policy from various ECB board members. Improved risk sentiment assisted the commodity bloc currencies and also commodities, which were
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Forex: Euro to Look Past German Data, Focus on ECB Annual Report

Talking Points: German Industrial Production, Swiss CPI Likely to Pass Without Fanfare AQR Cues in the ECB Annual Report May Be Market-Moving for the Euro Aussie Dollar Down, Japanese Yen Higher as Stocks Drop in Asian Trade A relatively quiet European economic calendar is headlined by February’s German Industrial Production and March’s Swiss Consumer Price
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