Tag Archives: Euro

1 Sept: Euro under pressure ahead of a big week of data. Focus on the ECB & US Jobs/NFP. Mfg PMI’s today.

1 Sept: Euro under pressure ahead of a big week of data. Focus on the ECB & US Jobs/NFP. Mfg PMI’s today.

Some firm US Consumer Confidence data underpinned the US dollar on Friday, once again putting the Euro under heavy pressure, which closed the month at new trend lows. The dollars uptrend looks set to remain intact this week, with the ECB meeting due on Thursday, at which Mario Draghi could well announce some form of easing in

Euro weakening on data

EURUSD weakening into midday as data falls to the weaker side and the softer tone to the dollar seen earlier on in the session proves transitory (most against the Aussie and sterling). German labour market data was weaker, with (more significantly) revisions also showing higher unemployment than before. Italian business confidence fell to 95.7, with

15 Aug: Euro steady despite weak GDP. UK GDP, US PPI coming up later.

Aud, Kiwi firm and looking to consolidate gains. It has been a choppy session in currency markets although the majors have finished the session largely unchanged against the dollar, with the commodity bloc showing the best gains. Some conciliatory comments from Putin re. the Ukraine helped equities head higher while the other major mover was

Today’s Trading Edge: EUR/USD : Potential Recession + Concerns Deflation = 1.30 for Euro

Eurozone GDP for the second quarter came in flat (q/q), while Germany contracted 0.2%.  The numbers show that no real improvement is occurring in Europe despite all the unconventional measures the ECB has implemented.  With German yields on the 10 year German Bund falling below 1.0%, market participants are definitely expecting the ECB to start

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
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