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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

1st April

The Euro (EUR) traded above 1.4200 on continued strength with sentiment towards the single currency still very strong. EUR/GBP hit multi-month highs above 0.8850 before settling slightly lower. Weak February Retail Sales at -0.3% vs. 0.4% previously. Overall the EUR/USD traded with a low of 1.4115 and a high of 1.4234 before closing the day around 1.4160 in the New York session. Looking ahead, March Unemployment Rate forecast at 8.9%.

31th March

The Euro (EUR) dipped in Europe but reversed once again on strong EUR/JPY buying which tracked stock markets higher in the US Session. Resistance was found at 1.4150 for the second day and the market may wait until Friday US jobs reports for fresh direction. Overall the EUR/USD traded with a low of 1.4051 and a high of 1.4149 before closing the day around 1.4135 in the New York session. Looking ahead, February German Retail Sales are forecast at 0.4% vs. 1.4% previously.

30th March

The Euro (EUR) Was able to extend Tuesday&rsquo s rally above 1.4100 before reversing on FED speaker Bullard hawkish comments the QE2 program maybe be cut short by 100bln. Overall the EUR/USD traded with a low of 1.4047 and a high of 1.4150 before closing the day around 1.4110 in the New York session. Looking ahead, March Economic Sentiment is forecast at 107.8 vs. 107.5.

29th March

The Euro (EUR) ECB President Trichet inspired a fresh rally in the Euro across the board stating that inflation was beginning to show signs of being persistent. EUR/GBP hit multimonth highs above 0.8820. German political concerns and Portugal bailout suggestions are being overlooked for now. Overall the EUR/USD traded with a low of 1.4025 and a high of 1.4117 before closing the day around 1.4075 in the New York session.

28th March

The Euro (EUR) ended the week on the back foot as the Portugal issue festered and refused to go away with many pricing in a bailout over the next couple of weeks. March German IFO fell slightly to 111.1 vs. 111.3 previously. Overall the EUR/USD traded with a low of 1.4052 and a high of 1.4193 before closing the day around 1.4063 in the New York session. Looking ahead, ECB President Trichet speaks.


  Go to Euro (EUR) Archive