EUR Trading Outlook


 
16.9.2014-15.9.2014 12.9.2014-8.9.2014 4.9.2014-1.9.2014 29.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012

10th April

Movers & Shakers

EURJPY

The euro (EUR) rose to the highest point against the Japanese yen (JPY) as the pair moved to a four year high above 129.50. The expansionary monetary base in Japan has brought about a quest for yield from Japanese investors looking for higher returns in European bonds. This trend is expected to continue as the Bank of Japan goes on with 1% asset purchases per month for the next two years.

26th March

The US dollar (USD) is trading lower against the Japanese yen (JPY) as a series of positive economic data in the United States over the past week appear to give the Federal Reserve no incentive in embarking in another round of quantitative easing.

 

26th March

CROSSES: EUR/AUD stalled near 1.2500 (see chart) and fell very heavily from there. The obvious technical target is 1.2160 and I’d much prefer to be short this pair although being long AUD in a risk-averse environment is not without its risks. AUD/JPY (see chart) continues to trade inside of its recent channel between 97.20/100.00 but a clean break below could well set off some very sharp stop-loss selling.

 

ORDERS & FLOWS: There was heavy EUR/AUD selling overnight with two separate reports of around 1 billion AUD equivalent by big European banks on behalf of their customers. Heavy offers were also seen in AUD/USD at 1.0475/80 and it looks like the big hedge funds are still looking to sell at this level, like they did a few weeks ago. These flows (one AUD positive, the other negative) look to have netted each other out.

26th March

CROSSES: EUR/AUD stalled near 1.2500 (see chart) and fell very heavily from there. The obvious technical target is 1.2160 and I’d much prefer to be short this pair although being long AUD in a risk-averse environment is not without its risks. AUD/JPY (see chart) continues to trade inside of its recent channel between 97.20/100.00 but a clean break below could well set off some very sharp stop-loss selling.

 

ORDERS & FLOWS: There was heavy EUR/AUD selling overnight with two separate reports of around 1 billion AUD equivalent by big European banks on behalf of their customers. Heavy offers were also seen in AUD/USD at 1.0475/80 and it looks like the big hedge funds are still looking to sell at this level, like they did a few weeks ago. These flows (one AUD positive, the other negative) look to have netted each other out.

25th March


  Go to Euro (EUR) Archive