Posts Tagged ‘ selling ’

Risk FX Rallies As Eco Data Surprises

Surprisingly strong economic data provided the fuel for a surge in risk currencies on the last trading night of the week, as euro reversed its earlier losses while pound recaptured the 1.5400 level after UK GDP figures beat estimates by a wide margin. The euro had come under strong selling pressure early in European trade [ READ MORE ]

Bernanke Has Spoken And Markets Have Fallen

Bernanke has spoken and the markets have fallen. Although currencies traded heavy for most of the NY trading session, the selling exacerbated when the Fed Chairman took the stand and delivered his twice a year testimony on monetary policy and the economy. Bernanke’s comments were not a big departure from the Fed minutes [ READ MORE ]

Euro Wrong Foots Shorts – 1.3000 Once More?

A burst of euro buying at the start of European trade caught the market completely by surprise in the wake of negative news from Hungary and Ireland. The euro had come under some selling pressure earlier in Asian session trade after Hungary failed to reach an accord with IMF over the country’s plan to [ READ MORE ]

FED TO STEAL THE SHOW

The dollar was neither a winner nor a loser in today’s session, characterizing what has been a tight day of trading on little U.S. economic data. The euro and pound were hit with modest selling pressure, while the yen continued a string of rallies. Over all, the strongest performer seemed to be the Canadian dollar [ READ MORE ]

Euro Hits Fresh Lows

Weaker the expected Chinese PMI numbers and fears over possible downgrade of French debt kept the selling pressure in on high beta currencies during the first full day of trading for the week with euro slipping below the 1.2200 barrier while Aussie tumbled towards the .8300 handle. Risk aversion was the dominant theme at [ READ MORE ]

Volatile Moves of EUR/USD Caused by Bad News for Euro & Dollar

EUR/USD currency pair experiences volatility today as both the dollar and the euro encountered some hardship. The euro was weakened by speculation that Germany may ban naked short selling of some securities permanently. In the same time, the dollar was harmed by reports, which showed slowdown of the U.S. economic growth. EUR/USD trades… [ READ MORE ]

Can Euro Hold or is 1.2000 Next?

The euro held its ground despite massive selling pressure as a result of German government ban on short selling of certain financial stocks, bonds and CDS instruments that has created havoc in the capital markets and left the single currency as the principal instrument to express a negative view on the Eurozone economy. The euro [ READ MORE ]

How Will The Short Selling Ban Affect the Euro?

Yesterday’s ban on naked short selling of some financial stocks and Eurozone bonds as well as their related CDS products spurred a frenzy in the currency market pushing euro to fresh yearly lows as speculators scrambled to express their negative views on the region in the one liquid market remaining open to them. Many [ READ MORE ]

EUR/USD: Did The ECB Intervene?

The euro staged its strongest rally against the U.S. dollar since the beginning of the year. There was no major Eurozone economic data released today and so the move was largely credited to intervention. In yesterday’s daily report, we talked about how the German government’s decision to temporarily ban naked short selling and [ READ MORE ]

Has Euro Found a Base?

Risk FX finally saw a bounce in Asian and early European session today, but lack luster economic data and further selling by aggressive shorts kept a lid on the rally as EUR/USD struggled to break through the 1.2400 level while cable was repelled at 1.4500 by unexpectedly hot UK CPI numbers. Nevertheless, investor’s sentiment [ READ MORE ]

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