Overnight, Asian equities are also in the red, but the losses are not really excessive, given the sharp loss in the US yesterday evening. EUR/USD holding near yesterday’s closing levels in the mid 1.25 area. Today, there are no important eco data in the US. So the focus will remain on global economic growth and […]
Event Risk for the EUR/USD Today Read More »
Equities showed some volatility surrounding the decision, but closed nearly unchanged. US Treasuries were down ahead of the decision and some curve plays occurred, according to the twist script, which led to an outperformance of the long end and a bear flattening in the 5 to-30-year segments. EUR/USD fell first lower, then spiked higher, before
Deciphering Fed Speak Read More »
Last week, there were quite some remarkable price moves on global market, including on the currency market. The data were only of second tier importance. It was all repositioning ahead of the key Greek elections. This vote was largely seen as a key milestone for the survival of the EMU project. However, given the high
Making Head or Tail of the EUR/USD Read More »
During the weekend, European leaders agreed on a rescue package for the Spanish banking sector. A more in-depth analyses of this agreement can be found in the fixed income part of this report. The euro jumped higher this morning and currently tries to regain the 1.2625 resistance area. There is also a positive reaction on
The EUR/USD and the effects of the Spanish Bailout Read More »
Yesterday morning, the USD/JPY cross rate came under moderate pressure as the decline of EUR/USD and EUR/JPY weighed on the headline pair. USD/JPY reached an intraday low at 78.11 early Europe and settled slightly above that level during the morning session in Europe. In the afternoon trade, the yen ‘enjoyed’ quite a substantial setback on
A peak at the Sterling and the Yen Read More »
The yellow metal has came under severe pressure with the Euro wobbled by a rating cut of Spain by Egan-Jones from “B” to “BB-“ which was the third round of down gradation by the agency in less than a month. The Euro has been hammered by the news that led the shared currency to its
Gold Gets Clobbered by the USD Read More »
Yesterday, there was very little to tell on the price action in the EUR/GBP cross rate with little eco data coming off of a holiday on Monday. The pair remained in a narrow range roughly between 0.8050/75. The below consensus BRC shop price report and RICS house price balance were ignored. Uncertainty on the situation
The GBP vs. the USD and the EUR Read More »
The economic calendar is very busy today, after returning from a variety of holidays in Asia and Europe, markets are eager to get back to work. In Europe, investors look out for the final release of the April PMI. The advance reading was quite disappointing and even a slight upward revision will not be able
The EUR, USD, GBP And JPY Read More »
The euro was under moderate pressure as markets tried to assess the impact from the S&P downgrade of Spain. The rise in Spain’s unemployment rate was also of no help. The EUR/USD cross rate was changing hands in the 1.3160 area around the open of the European markets. However, the reaction, on the currency market
The Happy Trio EUR USD And GDP Read More »
The euro weakened for a sixth day in series versus the yen in the morning session, heading for its second annual drop whilst European stocks shed their advances amid the mounting concerns that the severe austerity measures, imposed by the technocrats in order to counter the region’s debt crisis, will inevitably slow growth or send
Euro Continues Falling Versus The Yen And Dollar Read More »
