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FX Report 4 February 2016

EUR / USD
After a relatively calm period, the Euro exploded into life against the dollar on Wednesday. Trading conditions remained subdued initially with pressure on the ECB increased by downward pressure on prices within the latest Euro-zone PMI data. The US ADP employment data was stronger than expected with reported private-sector jobs gain of 205,000 for January following an upwardly-revised gain of 267,000 previously. In contrast, the ISM non-manufacturing index was significantly weaker tha…
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FX Report 20 January 2016

EUR/USD The Euro was able to find support above 1.0850 against the dollar even when risk appetite was generally firmer during the European session on Tuesday with a mixed performance by the US currency amid gains against emerging markets. There was a smaller than expected decline in the German ZEW index to 10.2 for January from 16.1 previously while the Eurozone current account stayed in strong surplus. The overall impact was limited with little potential impact on monetary policy. The ECB repor…
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Currency Report 14 January 2016

Morning ALl Users.
EUR/USD The Euro retreated towards 1.0800 against the dollar during the European session on Wednesday with some selling related to improved risk appetite. There was no break below this level with markets still wary over chasing the single currency lower, especially given recent technical strength in the 1.0800 area. Weak Euro-zone industrial production data had little impact. Richmond Fed President Rosengren stated that economic developments since the December rate increase ra…
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Fx Report 8 Gennaio 2016

EUR/USD The Euro initially pushed higher in European trading as risk appetite deteriorated and was broadly resilient during the day as Chinese trends continued to dominate markets. Euro-zone unemployment data was better than expected with a decline to 10.5% for December from a revised 10.6% previously while there was a second successive decline in retail sales. Firmer German factory orders data was offset by a lacklustre retail sales print. US jobless claims fell to 277,000 in the latest week fr…
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