Tag Archives: Euro

13 Aug: A weak ZEW sent the Euro lower ahead of today’s CPI readings. US Retail Sales due later.

13 Aug: A weak ZEW sent the Euro lower ahead of today’s CPI readings. US Retail Sales due later.

Aud, Kiwi holding support ahead of a busy day of data. The German ZEW came in much weaker than expected today, the lowest in 18 months, sending the Euro back down to 9 month lows before spending  the latter half of the session recovering its losses when the US$ came under some mild pressure of

12 Aug: Euro stays soft ahead of ZEW Survey and due to ongoing Russia concerns.

Aud, Kiwi hovering above support. NAB Business Conditions and housing data the focus today. It has been a quiet session, driven mainly by mild US$ strength but generally going nowhere fast and in the absence of too much data it could be similar day ahead. We do have the EU/German Survey today which could provide

Today’s Trading Edge: EUR/GBP – Could it be One Month More Till ABS Kills the Euro?

The ECB press conference did not provide any major price moves that threatened either the 1.3400 or 1.3300 technical levels.  As expected, no changes to monetary policy were announced and no definitive queues on how big and when ABS may occur.  Rates are expected to stay extended for quite some time and the Bank did

Euro in New York: Yen to the Rescue

The euro began the New York session at 1.3346 having traded 1.3334 to 1.3372 in Tokyo and London. Weak German and Italian data kept the pressure on the euro for the bulk of the European market. German factory orders fell 3.2 % in June far below the 0.9 forecast and after dropping a revised 1.6%

Euro in New York: The Creep Lower

The euro opened in New York at 1.3385 (8:30 am), after Tokyo traded in a 10 point range, 1.3415-1.3425 and London managed 44, 1.3380 to 1.3424. Euro zone July services PMI were slightly weaker than expected (54.2 vs. 54.4) as were June retail sales (0.4% vs. 0.5%) but neither elicited a response from currency traders.