Today is Tue, July 26, 2016 11:36:43 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Currencies » EUR USD News

EURUSD – Will New Low Trigger Broader Decline?

The euro has taken a turn lower against the dollar late in the European session, falling to its lowest level since 24 June, when it tanked on news that the U.K. had voted to leave the E.U. The pair had established a relatively tight trading range over the four weeks following the result – between […]

CANADA: Consumer Price Index, June 2016

The Consumer Price Index (CPI) rose 1.5% in the 12 months to June, matching the gain in May. Excluding gasoline, the CPI was up 1.9% year over year in June, equal to the increase in May. 12-month change in major components Prices rose in all major components in the 12 months to June, with the […]

Top trade idea for July 22nd, 2016 – EUR/USD

Draghi’s dilemma puts EURUSD double bottom in play The ECB’s caution on post Brexit stimulus has seen the Euro pause at chart support. Today’s Flash PMI data might decide whether this turns into a full corrective rally Yesterday, the ECB signalled its perfectly sensible intention to wait until it has a clearer picture of the […]

Will the ECB show a different hand?

Five things the markets are talking about Nope, not really and that’s the majorities viewpoint. Businesses as usual as Euro policy makers are waiting for more data. However, many believe Euro officials may signal such a move is on the cards at the bank’s September 8th meeting. Expect Draghi to be questioned about Brexit and […]

Top trade idea for July 21st, 2016 – EURUSD

Ahead of the ECB today I would like to show a bearish pattern in the makings on the EURUSD pair and it doesn’t really matter if it is going to be a Euro related move lower or a US dollar move higher, the path of least resistance here is the downside and not the upside. […]

USD/CNH Provides Excitement, Stocks Higher Again

A  quiet day in Asia for G10 with only USD/CNH providing some excitement. Stocks continue their march higher ahead of central banks and expected China easing.  Asia G10 FX A generally range bound day for currencies in Asia with AUD, EURO and USDJPY trading around their mid-range points of 0.7500, 1.1000 and 106.00 respectively. NZD […]

Sterling Marches Higher For Now

Five things the markets are talking about Capital markets are on the move despite the waiting game for monetary policy direction from Tier I central banks over the next few weeks (ECB tomorrow). In yesterday’s session, the Dow ended slightly above its record high close for the sixth consecutive day, but the Nasdaq and S&P […]

Ireland Hits Brexit Alarm

The prime minister is under pressure, economists are slashing growth forecasts and companies are warning of Brexit’s dire consequences. London? No, Dublin. The intertwining of trade and finance means no other country is feeling the fallout from the U.K.’s vote to leave the European Union more than Ireland. In the year the Irish marked the […]

EUR/USD – Euro Steady as Euro Consumer Inflation Matches Forecast

EUR/USD has posted slight gains on Friday, as the pair trades at 1.1150. On the release front, Friday is data-heavy, so we can expect some movement from EUR/USD, especially in the North American session. Eurozone Final CPI posted a small gain of 0.1%, while Core Final CPI climbed 0.9%, as both readings matched the forecast. In […]

5 Observations On The BoE Decision

On Thursday July 14, the Bank of England (BoE) announcement saw eight MPC members voting for a ‘no’ change in U.K monetary policy, while clearly signalling their intention to provide more stimulus next month having warned in advance of the June 23 vote that economic growth would likely slow in that event. Those aside, there […]

Pound Made of Sterling Stuff

The dominant theme for this week is “risk-on” and this despite today’s session, so far, trading in a subdued range after another terrorist attack on French soil last night. With investors willing to apply more risk, funds have flow out of fixed income and into stocks, pushing global indices to record new record high prints, […]

What’s The BoE To Do?

The Bank of England (BoE) is expected to cut its benchmark interest rate to a new record low (+0.25%) tomorrow, or at the very least send a strong message to the market that a cut is imminent now that the U.K electorate has voted to leave the EU. BoE’s Governor Carney has been front and […]

Pound Jumps On May

Risk on sentiment continues to thrive across the various asset classes. For a second consecutive session, political clarity and stronger fundamentals are temporarily providing the market with support. There has been no letup from the euphoria of a very strong June non-farm payroll print from last week, while political risks in the U.K, Japan, and […]

US Jobs Report to Provide Fundamental Focus After Brexit

The NFP Report is expected to Erase Last Month’s Disappointment Due to the 4th of July holiday the ADP payrolls report and the unemployment claims were released on the same day. Both posted strong numbers and while not enough to convince investors that the Fed will do anything but wait, they did offer some hope […]

Brexit Bloodbath Intensifies

Five things the markets are talking about The theme thus far, in this holiday shortened trading week, has been all about risk aversion. Investors it seems prefer to proceed with caution, egged on by the Bank of England’s (BoE) negative indictment of the U.K economy after the historic Brexit vote. Risk assets have been taking […]

The Pounds Relief Rally is Officially Over

Five things the markets are talking about Post Brexit jitters this morning has returned to hurt the pound, putting an end to last week’s relief rally, and push sterling to a new two-and-a-half year low against the EUR. Today’s instigators are the news of Standard Life Investments suspending trading in a large U.K. commercial real-estate […]

Five things the markets are talking about

Stateside, this is a holiday shortened trading week, one that will be dominated by two fundamental events – Wednesday’s FOMC minutes and Friday’s non-farm payroll (NFP) report for June. With no surprises expected in the minutes, both dealers and investors have very much priced out any possibility of a U.S rate hike occurring within the […]

EUR/USD – Euro Unchanged, Euro Manufacturing PMIs Meet Expectations

The euro is unchanged in the Friday, as EUR/USD continues to hug the 1.11 line. It’s an unusually busy Friday, so the markets will have plenty of economic data to digest from the Eurozone and the US. In the Eurozone, German and Eurozone Manufacturing PMI reports met expectations, as both indicators pointed to expansion in […]

Top trade idea for July 1st, 2016 – EUR/USD

Brexit saw the Euro drop out of its established trend channel on Friday. However, it wasn’t long before markets started focusing on Brexit’s implications for the Fed.  Increased political risk and a lower global growth outlook quickly put the sword to expectations of a Fed rate hike.  Markets are now pricing little chance of a […]

Month End Demand Trumps Brexit Woes

Five things the markets are talking about Both month-end and quarter-end portfolio rebalancing demands are expected to temporarily gloss over some of the ills that last week’s shock Brexit vote would bring to capital markets. Global equities have caught a bid into month end, sovereign yields have backed upped a tad, commodity prices are making […]

Powered by DayLife