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Markets are still in a hold / consolidation pattern before 1st tier economic data starting Wednesday. However, we are seeing signs of EUR contrarians stepping in and trading on the long side. Markets and media have been lightning fast in jumping on the EU collapse bandwagon and there is speculation that the pair has moved [...]
Continue Reading →G10 Advancers and Decliners vs USD EUR 0.24 CHF 0.15 JPY -0.07 GBP -0.26 EURUSD has continued to recover from last week’s rout, with the short term uptrend off Friday’s 1.3586 lows providing the platform for a test of the 1.3750 pivot level, and an earlier high of 1.3774. The EUR and broader risk sentiment [...]
Continue Reading →G10 Advancers and Decliners vs USD EUR 0.26 CHF 0.09 GBP -0.03 JPY -0.31 FX markets were choppy in the Asian session, with risk appetite see-sawing. The day started with a risk off tone, as Wall Street plunged due to speculation that FOMC Chairman Bernanke could indicate tightening when he testifies in the House on [...]
Continue Reading →Short positions against the EUR are at record levels, while there’s an expectation forming that an announcement from the EU on the Greek situation is forthcoming.
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