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EUR Trading Outlook

 

9.5.2012-7.5.2012 4.5.2012-30.4.2012 27.4.2012-23.4.2012 20.4.2012-16.4.2012 13.4.2012-9.4.2012 5.4.2012-2.4.2012 30.3.2012-27.3.2012 23.3.2012-19.3.2012 16.3.2012-12.3.2012 9.3.2012-5.3.2012 2.3.2012-27.2.2012 24.2.2012-20.2.2012 17.2.2012-13.2.2012 10.2.2012-6.2.2012 3.2.2012-30.1.2012 27.1.2012-23.1.2012 20.1.2012-16.1.2012 13.1.2012-9.1.2012 6.1.2012-2.1.2012 30.12.2011-26.12.2011 23.12.2011-19.12.2011 16.12.2011-12.12.2011 9.12.2011-5.12.2011 2.12.2011-28.11.2011 24.11.2011-21.11.2011 18.11.2011-14.11.2011 11.11.2011-7.11.2011 4.11.2011-31.10.2011 28.10.2011-24.10.2011 21.10.2011-17.10.2011 14.10.2011-10.10.2011 6.10.2011-3.10.2011 30.9.2011-26.9.2011 23.9.2011-19.9.2011 16.9.2011-12.9.2011 9.9.2011-5.9.2011 2.9.2011-29.8.2011 26.8.2011-22.8.2011 19.8.2011-15.8.2011 12.8.2011-8.8.2011 4.8.2011-2.8.2011 29.7.2011-25.7.2011 22.7.2011-18.7.2011 15.7.2011-11.7.2011 8.7.2011-4.7.2011 1.7.2011-28.6.2011 24.6.2011-20.6.2011 16.6.2011-13.6.2011 10.6.2011-6.6.2011 3.6.2011-30.5.2011 27.5.2011-23.5.2011 20.5.2011-16.5.2011 13.5.2011-9.5.2011 6.5.2011-2.5.2011 29.4.2011-25.4.2011 21.4.2011-18.4.2011 15.4.2011-11.4.2011 8.4.2011-4.4.2011 1.4.2011-28.3.2011 25.3.2011-21.3.2011 17.3.2011-14.3.2011 11.3.2011-8.3.2011 4.3.2011-28.2.2011 25.2.2011-21.2.2011 18.2.2011-14.2.2011 11.2.2011-7.2.2011 4.2.2011-31.1.2011 28.1.2011-25.1.2011 21.1.2011-17.1.2011 14.1.2011-10.1.2011 7.1.2011-3.1.2011 31.12.2010-29.12.2010 24.12.2010-20.12.2010 17.12.2010-13.12.2010

19th August

The Euro (EUR) the Euro slumped on fears that large banks in the Eurozone were having funding issues. EUR/CHF and EUR/JPY led the major lower which found support at 1.4300 eventually. The ECB is continuing to support bonds in the debt market which is at least containing the debt issue but if a large bank was to fail the contagion may spark a fresh banking crisis in Europe.

18th August

The Euro (EUR) the Euro fell to 1.4350 on sharp EUR/CHF selling post SNB but then found support to continue its rally for another day to 1.4500. The Euro failed to hold onto these gains though and pulled back into the US close. July CPI dropped further to 1.3% vs. 1.6% previously and takes pressure off the ECB to raise rates.

17th August

The Euro (EUR) the market was heavy in early Europe with Q2 GDP disappointing in both Germany and the Eurozone as a whole. EU Q2 GDP at 0.2% vs. 0.3% forecast. The market found support in the Merkal-Sarkozy press conference but the gains did sustain into the close with the lack of Eurozone Bond support seeing the crisis continue. Looking ahead, June Current Account previously at -5.2bn. July Inflation forecast at -0.6% vs. 0% previously m/m.

16th August

The Euro (EUR) the Euro surged above 1.4400 with the rally in global stocks extending for a third day. The market is awaiting some key economic data out today and news from French/German talks currently being held. EUR/GBP is back above 0.8800 with the Euro enjoying broad based strength and support. Looking ahead, Q2 GDP forecast at 0.3% vs. 0.8% previously.

15th August

The Euro (EUR) found support under 1.4200 and grinded higher to end within striking distance of 1.4300. The stabilizing Eurozone debt crisis is allowing more risk appetite to support the EUR/JPY and EUR/CHF rebound. The outlook this week will be closely linked to the stocks markets which have opened well supported on Monday.

  Go to Euro (EUR) Archive