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EUR Daily Review October 9, 2017

EUR Daily Review for October 9, 2017

EUR/USD Stable, GBP/USD Falls After Economic Data Deluge

A raft of economic data released Friday has hit the British Pound but had limited impact on the Euro.

 

European Shares To Follow Asian Peers Higher

European stocks may open slightly higher on Friday following a record high on Wall Street overnight after a report showed U.S. GDP grew a bit faster than previously estimated in the second quarter.

 

European Economics Preview: Eurozone Flash Inflation Data Due

Flash inflation figures from euro area and unemployment from Germany are due on Friday, headlining a busy day for the European economic news..

 

Trading Outlook for USD, Sterling/Euro/Yen-crosses & More

In this webinar, we focused on USD-pairs along with a few select EUR, GBP, JPY cross-rates; also glanced at commodities and equity indices. @PaulRobinsonFX

 

Currency In Play: EUR/USD retreats as Inflation misses expectations, GBP/USD moves lower after GDP

 

Big-picture Technical Analysis for USD, Euro, Gold, Oil & S&P 500

In this piece, we take a look at a handful of major markets with a couple having clean-looking directional biases and a couple which have

 

EURUSD Weekly Technical Analysis: New Month, More Weakness

The euro triggered a bearish H&S formation last week and is poised to begin October on a weak note.

 

Eurozone Inflation Steady At 1.5%

Eurozone inflation held steady in September, while core inflation logged a slight slowdown, flash data from Eurostat showed Friday. Inflation came in at 1.5 percent in September, the same rate as seen in August.

 

European Shares Hold Steady After Mixed Data

European stocks steadied near two-month highs on Friday as the euro struggled and banks paused after recent strong gains on expectations of higher interest rates.

 

DailyFX European Market Outlook: US Jobs Data and RBA Rate Decision Next Week: 9/29/17

With the markets exiting the third quarter the European markets have had a remarkable recovery from the mid quarter slump with things turning up for continen…

 

European politics and non-farm payrolls in focus – 29th September 2017

Our Chief Market Analyst, Michael Hewson, looks at the week ahead and the aftermath of the Catalan referendum at a time of heightened uncertainty for Europea…

 




EUR/GBP Technical Analysis: Euro Recovery in the Cards?

The Euro is digesting losses having fallen to the lowest level in over two months against the British Pound, with positive RSI divergence hinting a

 

Euro Steady In Asia As Catalan Independence Vote Rocks Spain

The Euro has retained its composure despite news of widespread violence in one of its most important member states. Holidays in China and Australia may

 

COT Report: Euro, CAD & AUD Large Spec Buyers Undeterred by Weakness

Large speculators continue to hold steady or add to their already sizable net-longs despite prices of currencies having already turned lower.

 

Euro Slides on Catalan Independence Vote, Spanish Stocks Fall

The Euro eased in early European trading Monday, and Spanish stocks fell, in the wake of the independence vote in Catalonia and weekend violence there.

 

Euro opens nervously as Catalonia votes out despite police crackdown

The dollar opened the month on a strong footing on Monday, recording gains against the euro and other major counterparts as forex investors paid close attention to an independence vote in Spain’s Catalonia.

 

Eurozone Factory Growth Biggest In 6-1/2 Years

The euro area manufacturing sector grew the most in over six-and-a-half years in September, final data from IHS Markit showed Monday. The final manufacturing Purchasing Managers’ Index climbed to a 79-month high of 58.

 

European Shares Set To Follow Asian Peers Higher

European stocks look set to open a tad higher on Monday amid investor optimism over economic outlook and earnings growth. Asian shares are broadly higher, although trading remained light across the region amid holidays in China, Hong Kong, India and South Korea.

 

European Economics Preview: Eurozone Unemployment Data Due

Unemployment and flash Purchasing Managers’ survey from euro area are due on Monday, headlining a light day for the European economic news..

 

#CurrencyInPlay: UK #PMI weaker, #Pound testing 1.33, $EUR near key 1.17 level

 

EUR/USD and GBP/USD Forecast October 2 2017

The euro rallied a bit during the day on Friday, breaking above the 1.18 level. The British pound initially fell on Friday, but just as we saw on both Wednes…

 

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Pull-back has scope to extend lower to 1.1660.While the pull-back from the high of 1.2092 (early September) is clearly lacking in momentum, the weakness appears incomplete and there is room for further extension towards the major support at 1.1660. At this stage, a sustained move below this level is not expected. Only a move back above 1.1

 

A Weekly Technical Perspective for EUR, GBP & the U.S. Dollar

A broader technical picture offers perspective on where we are in trend. Here are the updated targets & invalidation levels that matter on the weekly

 




DailyFX Morning Digest: Euro Lower after Catalonian Referendum Results

The DXY Index is pushing to its highest level in five weeks, gaining ground across the board as the new week, month, and quarter begin.

 

Germany’s DAX 30 index closes at record high as euro stumbles

Germany’s DAX 30 index DAX, +0.58% scored an all-time closing high on Monday after the euro EURUSD, -0.6687% slumped in the aftermath of the chaotic i

 

Catalonia referendum: Trading the euro after the Catalonia results? | IG

With the long-term implications of the Catalonian referendum result yet to be clarified by the parties concerned, where does the euro go? Christel Aranda-Has…

 

ECB’s Praet: Eurozone Inflation Remains Subdued Despite Robust Growth

Euro area’s economic recovery has been solid, broad-based and resilient, yet inflationary pressures remain subdued, European Central Bank Executive Board member Peter Praet said Monday.

 

Eurozone Jobless Rate Steady; Lowest Since 2009

Eurozone unemployment rate held steady at the lowest level seen since early 2009 in August, data from Eurostat showed Monday. Separately, a private survey showed that stronger manufacturing output growth and capacity constraints in the currency bloc drove job creation to a survey record-high in September.

 

European Shares Mostly Higher As Euro Falls After Catalonia Vote

European markets were mostly higher on Monday even as Spanish stocks fell amid a political crisis after Catalans voted in favor of independence in a contested referendum, plunging the EU into a new crisis.

 

Dollar and US Equities Start Out Quarter Strong while Pound, Euro and Oil Drop

The new week, month and quarter started off with a bang for risk trends…well, at least for sentiment’s constant outperformer, US equities.

 

European Shares Set To Open On Positive Note

European stocks are likely to open higher on Tuesday as upbeat manufacturing and construction spending data from the U.S. lent support to the dollar. Asian markets are broadly higher in holiday-thinned trade as growing optimism over tax reform from Washington helped investors shrug off the deadliest mass shooting in Las Vegas, which has left more than 50 dead and more than 400 wounded.

 

European Economics Preview: UK Construction PMI Data Due

Construction Purchasing Managers’ survey from the UK is due on Tuesday, headlining a light day for the European economic news..

 

EUR/USD and GBP/USD Forecast – October 3 2017

The EUR/USD pair fell on Monday, reaching towards 1.17 level. I think there is a significant band of support in this area though, so I think that the buyers …

 

EUR/USD: Correction Is ‘Understandable’; What’s Next? – BTMU

BTMU FX Strategy Research notes that the EUR weakened in September, the first calendar month of decline since February.”Given the 12.6% gain in the six-month period between, some correction is understandable…The positive investor sentiment in the euro-zone, in part fuelled by the election victory of Emmanuel Macron, may be somewhat undermine

 

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Pull-back has scope to extend further to 1.1660.There is not much to add to the Chart of the Day update from yesterday. We continue to anticipate EUR to extend its recent weakness towards 1.1660. While the odds for a clear break below this level are not high at this stage, they would improve quickly in th

 




Euro Sentiment Warns of Potential for Move Lower

Recent changes in sentiment warn that the current EURUSD price trend may soon reverse lower despite the fact traders remain net-short.

 

EUR/USD Clings to Bearish Sequence Ahead of ECB Meeting Minutes

Lack of momentum to snap the recent series of lower highs & lows undermines the recent rebound in EUR/USD amid the mixed language coming out

 

European Shares Little Changed In Lackluster Trade

European stocks were flat to slightly higher on Tuesday to hover near 3-month highs as a sell-off in Spanish markets eased and upbeat U.S. economic data bolstered investor optimism about global economic growth.

 

Eurozone Producer Price Inflation At 3-Month High

Eurozone producer prices grew the most in three months in August, data from Eurostat showed Tuesday. Producer prices increased 2.5 percent year-on-year in August, faster than the 2 percent rise seen in July.

 

UBS: Wall Street is unprepared for the magnitude of Europe’s looming regulatory overhaul

UBS is cutting earnings estimates for Wall Street firms, saying the industry is unprepared for impending European regulatory changes.

 

EUR/USD and GBP/USD Forecast October 4, 2017

The EUR/USD pair went back and forth on Tuesday, showing signs of volatility still. I believe that the 1.17 level underneath offers support, and I think that…

 

Trading Outlook for USD, Euro, Gold, S&P 500 & More

In this outlook, we looked at the US Dollar Index, several USD-pairs, cross-rates; touched lightly on commodities and equity indices.

 

Upbeat ISM Non-Manufacturing Survey to Fuel Bearish EUR/USD Sequence

Another uptick in the U.S. ISM Non-Manufacturing survey may drag on EUR/USD especially as the pair initiates a series of lower highs & lows.

 

Trading Outlook for USD, Euro, Gold, S&P 500 & More

In this webinar, we looked at the US Dollar Index, several USD-pairs, cross-rates; touched lightly on commodities and equity indices. @PaulRobinsonFX

 

EUR/USD Outlook Mired Ahead of NFP Amid Mixed ECB Rhetoric

EUR/USD may continue to face range-bound conditions ahead of the NFP report amid the mixed language coming out of the European Central Bank (ECB).

 

EUR/USD Holds Support Ahead of ECB Minutes: Will Bulls Respond?

EUR/USD has been on a bullish run for most of 2017, but has recently pulled-back as we approach some key drivers on the calendar. Will

 

Eurozone Retail Sales Fall Unexpectedly In August

Eurozone retail sales decreased for the second straight month in August, defying economists’ forecast for a rebound, data from Eurostat showed Wednesday. Retail sales volume fell 0.

 




European Shares Subdued On Catalonia Concerns

European stocks fell slightly on Wednesday as Spain braced for further political upheaval and investors waited for speeches by Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi, due later in the day for further direction.

 

European Shares Seen Lower As Dollar Rally Stalls

European stocks are seen opening slightly lower on Wednesday as the dollar rally fizzled out and oil extended losses on signs of higher output. The dollar stepped back from a 1 1/2-month high against a basket of currencies as investors ponder over the likely successor of Fed Chair Janet Yellen whose term ends in February.

 

European Economics Preview: UK Services PMI Data Due

Purchasing Managers’ survey from the UK and retail sales from euro area are due on Wednesday, headlining a light day for the European economic news..

 

EUR/USD and GBP/USD Forecast October 5, 2017

The EUR/USD pair rallied slightly during the day on Wednesday, showing signs of resiliency. Ultimately, I think that the market will probably rally from here…

 

EUR/USD: Where To Buy Dips? USD/JPY: Where To Fade Rallies? – TD

TD FX Strategy Research notes that the US data releases this week will need to be taken with a giant pinch of salt, owing to the impact of the storms.”The impact of the storms is likely to see the market discount extreme outliers but the $ should rally on anything close to expectations…The string of upbeat US news could keep pressure on EUR

 

EURUSD Running Out of Time: ECB Minutes, NFPs, US Rating Ahead

The market’s speculative fever has yet to break. US equity indexes continued to lead the charge higher through this past session’s close earning a fresh

 

Little Risk To Euro From Catalonia Dispute, Spanish Assets To Stay Weak

It has become clear this week that the Euro will likely continue to ignore the political crisis in Catalonia but that Spanish assets will remain

 

EUR/USD Technical Analysis: Euro Down Trend Remains Intact

The Euro paused to digest losses having dropped to a two-month low against the US Dollar but overall positioning warns that further weakness may be

 

Currency In Play: GBPUSD drops, USDJPY flat, EURUSD moving upwards, Bitcoin outlook

 

Euro Bias Mixed, Retains Potential for Bearish Turn

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

 

Dollar Bid Brings EUR/USD Pullback Ahead of Non-Farm Payrolls (NFP)

Tomorrow brings the big data point for FX markets with the release of September Non-Farm Payrolls. The bar is set extremely low as a strong

 

European Shares Mixed On Catalan Independence Concerns

European stocks were mixed on Thursday as worries about Catalonia’s independence vote from Spain as well as caution ahead of the U.S. government’s non-farm payrolls report due out Friday kept investors on the sidelines.

 




European Economics Preview: ECB Minutes Due

Account of the monetary policy meeting from the European Central Bank is due on Thursday, headlining a busy day for the European economic news..

 

European Shares To Open On Cautious Note

European stocks are seen opening largely unchanged on Thursday as U.S. Treasury yields fell and Brent crude futures hovered near two-week low amid competing signals of lower U.

 

EUR/USD and GBP/USD Forecast October 6, 2017

The EUR/USD pair initially tried to rally during the Thursday session, but rolled over to reach towards the 1.17 level as the ECB failed to say anything hawk…

 

Political Pressures Mount on Euro and Pound

The push for Catalan independence from Spain and the prospect of a leadership challenge to the UK Prime Minister are preventing both the Euro and

 

Catalan uncertainty and Fed minutes to drive the euro – 6 October 2017

Michael looks at the prospects for Spanish stock markets, against the backdrop of the Catalonia situation, as well as looking ahead to the latest Fed minutes…

 

EURUSD Weekly Technical Analysis: Euro Setting Up for a Bounce

The euro traded down into support last week; bullish price sequence on the 4-hr coming into view and may send the single-currency back to the

 

USD/JPY Longs Against Daily 8-EMA, EUR/USD Head & Shoulders Still Valid

The US Dollar is on track for its best week of the year, which speaks to the poor performance by the greenback through the first

 

European Stocks Close Mostly Lower Following U.S. Jobs Report

European stocks closed mostly lower on Friday following the release of disappointing U.S. jobs data. Investors also fretted over political risks in Spain and the U.

 

European Shares Mostly Lower On Political Worries

European stocks retreated on Friday as investors fretted over political risks in Spain and the U.K. Spanish banks came under selling pressure again after the Catalan government said it would press ahead with its planned parliament meeting on Monday to discuss Sunday’s referendum result and announce a unilateral declaration of independence in defiance of a court ban.

 

European Shares Set For Positive Start As Dollar Stands Tall

European stocks may open slightly higher on Friday as optimism over U.S. tax reform plan lifted the dollar to a seven-week high versus a basket of currencies. Also, oil held steady after climbing around 2 percent overnight on expectations that Saudi Arabia and Russia would extend production cuts.

 

European Economics Preview: Germany’s Factory Orders Data Due

Factory orders from Germany and house prices from the UK are due on Friday, headlining a light day for the European economic news..

 

EUR/USD and GBP/USD Forecast October 9, 2017

Initially, the EUR/USD pair fell on Friday, but we found enough support below the 1.17 level to turn the market around and form a hammer. I think if we can b…

 

Have a nice trading!




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