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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

10th June

The Euro (EUR) the market initially went higher after the &ldquo strong vigilance&rdquo comments from Trichet signaled the ECB would be raising rates in July. The EUR/USD reversed aggressively when the rest of the comments from Trichet were very dovish and concerns about Greece debt kept pressure on to the downside. Overall the EUR/USD traded with a low of 1.4476 and a high of 1.4654 before closing the day around 1.4534 in the New York session. Looking ahead, May German WPI forecast at -0.3% vs. 0.2%.

9th June

The Euro (EUR) fell heavily on profit taking ahead of today&rsquo s ECB rate announcement. The market will be looking for Trichet&rsquo s comments on inflation for the timing of the next rate hike. Also concern for Greece Debt will continue to dominate headlines. Overall the EUR/USD traded with a low of 1.4563 and a high of 1.4690 before closing the day around 1.4610 in the New York session. Looking ahead, ECB Rate Announcement forecast at 1.25% vs. 1.25% previously.

8th June

The Euro (EUR) came under pressure with uncertainty regarding the final bailout package for Greece inspiring profit taking from Friday&rsquo s rally. June Sentix slumped to 3.5 vs. 0.9 previously. The market listed Overall the EUR/USD traded with a low of 1.4556 and a high of 1.4659 before closing the day around 1.4585 in the New York session. Looking ahead, April Retail Sales forecast at 0.4% vs. -1% m/m.

7th June

The Euro (EUR) came under pressure with uncertainty regarding the final bailout package for Greece inspiring profit taking from Friday&rsquo s rally. June Sentix slumped to 3.5 vs. 0.9 previously. The market listed Overall the EUR/USD traded with a low of 1.4556 and a high of 1.4659 before closing the day around 1.4585 in the New York session. Looking ahead, April Retail Sales forecast at 0.4% vs. -1% m/m.

6th June

The Euro (EUR) surged above 1.4600 late in the day after hitting day lows post US data. The market is positioned to resume the uptrend back towards 1.5000 with the Euro seen as passing the &lsquo Greece test&rsquo . The crosses are all very strong with EUR/GBP breaking above 0.8900. Overall the EUR/USD traded with a low of 1.4451 and a high of 1.4642 before closing the day around 1.4625 in the New York session. Looking ahead, June Sentix forecast at 9.3 vs. 10.9 previously.


  Go to Euro (EUR) Archive