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EUR Daily Review August 8, 2017

EUR Daily Review for August 8, 2017

European Economics Preview: Germany’s Industrial Output Data Due

Industrial production from Germany is due on Monday, headlining a light day for the European economic news..


COT: Crude Oil Speculative Long Swelling (Again), More CAD Buyers, EUR Sellers

Large speculators push net long back towards record, CAD buying for 10th week in a row, while euro sellers step in for 2nd week in


EURUSD Short Following Weekly Exhaustion Pattern

The euro reversed off resistance least week, looking for test of trend support on weakness.


EUR/USD: Enough For Now But Risk Of Testing 1.20 Persists; Where To Target? – NAB

NAB FX Strategy Research notes that the move up in EUR/USD from the low 1.16s to above 1.18 in the past fortnight (high of 1.1910 on August 2nd) has taken it though the 38.2% retracement level of the entire May 2014-january 2017 downtrend from 1.40 to 1.0340.”While USD weakness is obviously a big part of the story, the Euro has been the best p



EUR/USD: Shift from bullish to NEUTRAL: Immediate bias is for a probe lower towards 1.1680.The sharp decline in EUR took out the stop-loss for our bearish view at 1.1770 last Friday and this signals that the bullish phase that started on 19 Jul has ended. The immediate pressure has clearly shifted to the downside even though it is too early to expe


Euro Traders Stop Selling – Watch the Next Move

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Positioning is more


EUR/USD Risks Larger Pullback Amid Failure to Fill January 2015-Gap

The recent series of lower-highs in EUR/USD raises for a larger pullback amid the failed attempt to fill-in the gap from January-2015 (1.2000 down to


Euro, Yen and USD: Top Three FX Themes for This Week

This week’s calendar is rather quiet after an active past couple of weeks, and the U.S. Dollar is holding on to higher-low support after the


Dollar Rebound in Focus as Euro, Pound Risk Exhaustion…


EUR/USD and GBP/USD Forecast August 8, 2017

The EUR/USD pair was very quiet on Monday, gaining very slightly after the significant selloff on Friday. Quite frankly, this market needs to pull back so I …


European Shares Mixed After Rally

European stocks were mixed on Monday as a slew of weak economic reports offset investor optimism over higher commodity prices. German industrial output unexpectedly fell 1.


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