EUR Trading Outlook


 
17.4.2014-14.4.2014 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 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012

5th October

The Euro (EUR) the move up to 1.3000 was fueled by stops being hit above 1.2970 and everyone hopping on to the long bandwagon after the ECB president reiterated he was ready to implement the OMT bond buying program if needed. The big move of late has been the EUR/JPY which has enjoyed heavy gains this week but the true test of strength will be the NFP tonight.

4th October

The Euro (EUR) an extremely contained day of trading for the usually very volatile EUR/USD pair. The major stayed in a 60 pip range and closed at 1.2910 5 pips from where it opened. Traders have been sidelined waiting for ECB today where they are expected to hold but traders are interested in the press conference afterwards with ECB President Draghi.

3rd October

The Euro (EUR) the EUR/USD popped Monday’s high and rallied to 1.2950. The outlook is for more gains but we are holding at current levels waiting for further clarification on the bailout timeline. The initial reaction to Spanish PM Rajoy was positive as he said his local governments had come together in a fiscal consolidation path. The market sold off on the ‘EU Aid not imminent’ comments and no doubt we will have further clarification of what this means shortly.

2nd October

The Euro (EUR) with little headline news from the weekend the market took its cues from Technicals and from improving risk appetite. The EUR/USD moved above 1.2900 but then reversed back under the figure the dollar resurgence began. There are major risk events for the Euro ahead that will start to dominate the headlines with the ECB meeting critical on Thursday.

1st October

The Euro (EUR) the results of the Spanish Bank audit were roughly as forecast and was a non event for the market. The Downgrade rumors got the market selling for most of the US session and we closed at lows of the day. The outlook is mixed with more downside possible as Spain deliberates asking for a bailout and Greece remains ongoing issue.


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