EUR News Reviews 

EUR Daily Review August 23, 2017

EUR Daily Review for August 23, 2017 EUR/USD Nudges Lower As Euro-Zone Economic Sentiment Falls The latest ZEW survey showed headline economic sentiment in Germany and the Euro-Zone falling from last month and missing expectations.   EUR/USD: ‘Buy The Rumor, Sell The Fact’ Into Jackson Hole – ING ING FX Strategy Research notes that given the Jackson Hole line-up, with President Draghi not due to speak until late Friday after European trading hours, it seems that some market participants may be slightly wary of being caught short euros in case…

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EUR News Reviews 

EUR Daily Review August 22, 2017

EUR Daily Review for August 22, 2017 Forex: Top FX Headlines: Euro, US Dollar Set for Important Week with Jackson Hole in Sight: 8/21/17 – The DXY Index continues to ride its August uptrend, but has yet to break through key resistance before we can say that a bottom has been established. – Spe…   EUR: Any Correction Into Jackson Hole A Buying Opportunity Vs JPY & CHF – Credit Agricole Credit Agricole CIB FX Strategy Research notes that there is still little information about the title of the President’s…

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EUR News Reviews 

EUR Daily Review August 21, 2017

EUR Daily Review for August 21, 2017 EUR/USD Downside to Continue on Single Currency Worries The current weakness in EUR/USD is set to continue after recent ECB commentary makes monetary tightening a distant prospect.   US Politics and Fed Symposium Converge on EUR/USD The Euro may ultimately prove the most sentiment laden of the majors given its own stretched speculation based on a best case monetary policy scenario.   Bullish EUR/USD Outlook Clouded by Cautious FOMC & ECB Rhetoric EUR/USD may face choppy conditions ahead of the Fed Economic Symposium…

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EUR News Reviews 

EUR Daily Review August 18, 2017

EUR Daily Review for August 18, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680.While EUR touched a low of 1.1680 yesterday, it rebounded strongly and quickly to end the day well above this level. As highlighted, only a NY closing below 1.0680 would indicate that EUR has moved into a bearish phase. This scenario is not ruled out just yet even though   EUR/USD Holds 1.1700 as FOMC Minutes, Political Risk Halt Dollar Run Hope…

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EUR News Reviews 

EUR Daily Review August 17, 2017

EUR Daily Review for August 17, 2017 EUR/USD: Support From Unhedged Equity Flows May Be Fading In 1-3 Month – Danske Danske Bank FX Strategy Research notes that unhedged equity flows into the eurozone have seemingly been a key factor behind the euro uptrend in H1.”First, Danske Bank ETF flow data on assets under management in eurozone equity ETFs suggest EUR inflows outpaced those into USD in the first half of the year. Second, IMM positioning data suggest c   Currency In Play: Eurozone GDP and FOMC Minutes in focus…

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EUR News Reviews 

EUR Daily Review August 16, 2017

EUR Daily Review for August 16, 2017 British Pound May Fall on CPI as Euro Looks Past German GDP Data The British Pound may fall as soft CPI data cools BOE rate hike prospects while the Euro looks past a pickup in second-quarter German economic   Webinar: DailyFX European Desk Round Table: USD Staging Turnaround versus EUR, GBP Join DailyFX strategists Christopher Vecchio, Martin Essex, and Nick Cawley for a discussion on the major influences out of Europe impacting FX markets.   Euro Tests Support as USD Moves Through Resistance:…

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EUR News Reviews 

EUR Daily Review August 15, 2017

EUR Daily Review for August 15, 2017 Cautious ECB Minutes to Derail EUR/USD Continuation Pattern Cautious remarks from the European Central Bank (ECB) may stoke a larger correction in EUR/USD as it fails to fill the gap from January-2015 (1.2000   Gold Price Pivots Below $1296; EUR/USD Still in Uptrend Gold price technical pattern hints at a medium term trend towards $1345 while EURUSD may retest 1.19.   How Does the UK’s Interest Rate Compare With its European Counterparts? In truth, we should have seen it coming. While initial speculation…

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