EUR/USD: headed back to recent highs on 1.25 handle?

EUR/USD pulling back into line? EUR/USD well supported technically. With the US markets closed for Presidents Day today, and China out, it is a slow start to the week and prices are likely to be contained within Friday's ranges while the dollar was able to recover some lost ground to clos ...

Market wrap: US dollar recovers some lost ground – Westpac

Analysts at Westpac explained that the US dollar recovered some lost ground Friday, with Japanese officials sounding extra concern over yen appreciation. US housing and consumer sentiment data printed on the strong side but treasury yields slipped as 13 Russians were indicted for electio ...

EUR/USD: EUR slumps on the dollar recovery and dovish ECB comments

The EUR is on the back foot amid a recovery in USD. EUR/USD drops from a 3-year high. ECB’s Cœuré sounds dovish today. EUR/USD is now trading around 1.2435 in the US session, dropping by almost 0.55% on a US dollar recovery after the pair reached the highest since Decembe ...

EUR/USD stays in lows near 1.2460 post-US data

Spot navigates lows near 1.2460. USD  bid, now targets 89.00. US housing data came stronger. The renewed buying interest around the buck keeps weighing on EUR/USD and is now dragging it to the area of daily lows around 1.2460. EUR/USD offered on stronger USD, data The pair gained extr ...

EUR/USD bullish/neutral, now targets 1.2598 – Scotiabank

FX Strategists at Scotiabank noted the pair could now target the boundaries of 1.2600 the figure. Key Quotes “EUR is entering the NA session with a modest 0.2% decline vs. the USD following a full retracement of its early Asian session rally that delivered a fresh (albeit short-lived ...

EUR/USD turned negative near 1.2480

Spot reverses the earlier upside to 1.2480. USD now bid around 88.70. US data next on tap. The now better tone around the greenback is forcing EUR/USD to abandon the area above 1.2500 the figure and return to the 1.2485/80 band. EUR/USD off YTD peaks near 1.2550 After climbing as high as th ...

Yield spreads continue to tumble aggressively against EUR – Westpac

Yield spreads continue to tumble aggressively against EUR, the 2yr BundTsy spread hitting an eye-watering -277bp, the widest in 20 years, but EUR/USD however long ago ditched any pretence to tracking yields, according to Richard Franulovich, Research Analyst at Westpac. Key Quotes “Key gauge ...

EUR futures: upside remains healthy

In light of CME Group’s preliminary data for EUR futures markets, traders increased their open interest positions by more than 13.6K contracts on Thursday vs. Wednesday’s561,548 contracts. The up tick in open interest came after eight consecutive drops. Volume, instead, decrease ...

EUR/USD could test 1.2680 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could extend to the 1.2680 region. Key Quotes “EUR/USD has eroded the recent high at 1.2538 and this suggests a test of the long term downtrend at 1.2680. Nearby support lies at the 20 day ma a ...

EUR/USD gains capped around 1.2550

Spot clinches fresh YTD tops around 1.2550. USD-weakness still in full play. US 10-year yield around 2.91%. The risk-rally keeps fuelling the upside in EUR/USD, this time visiting the 1.2550/55 band, or fresh 2018 tops. EUR/USD in multi-year peaks He pair climbed to levels last seen i ...

EUR/USD clocks fresh 3-year high in Asia

Broad-based USD sell-off continues.  EUR/USD jumps to 1.2545. The USD sell-off continues on fears of hard landing in the US.  Having closed above 1.25 yesterday, the EUR/USD jumped to 1.2545 in Asia - the highest level since December 2014. The common currency is up 2.73 percent fro ...

FX option expiries for Feb 16 NY cut

FX option expiries for Feb 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: 1.2400 (EUR 1.0bn), 1.2415 (EUR 763 m), 1.2425 (EUR 1.4bn), 1.2465 (EUR 582m), 1.2500 (EUR 2.0bn), 1.2550 (EUR 1.0bn) - GBP/USD: 1.4000 (GBP 380m), 1.4100 (GBP420m) - USD/JPY: 107.0 ...

EUR/USD – investors concerned with topside again

Weekly risk reversals have shed bearish bias One-month risk reversals have trimmed put bias.  Euro's spike this week despite strong US CPI has caught markets off-guard and risk reversals show investors are clearly seeking protection against further upside in the common currency.  ...

Forex today: a busy and volatile day again, DXY to fresh 2.3 year lows

Forex today was busy again.  The US dollar was down to YTD lows, losing  -0.61% on the day within a range of 88.558 - 89.004.  With respect to US 10yr treasury yields, these initially rose to the highest since Jan 2014 at 2.94% in European trade before sliding to 2.89% in NY. Fe ...

EUR/USD trading on the high side heading into Asia, testing 1.2500

EUR/USD still peaking after US inflation beat. Dollar selling still the market's favourite sport. EUR/USD is trading topside heading into Asia markets, trading just below yesterday's high of 1.2510. The Euro has gained while the USD has suffered lately, with EUR/USD closing higher fo ...