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  • North American Edition2015-05-04 10:19 UTC

    EUR-USD traded lower during London-less trade in Europe, which seemed the obvious play in thin market conditions following seven straight up days through to Friday. EUR-USD logged an intraday low at 1.1135, which is down by 90 pips on the intraday peak. EUR-JPY and other euro crosses saw a similar price action. Final PMI data out of the Eurozone had little impact. Greece remains an issue. Despite signs that the government in Athens has adopted an improved ... Read More 

  • European Edition2015-05-05 05:26 UTC

    EUR-USD remains heavy, threatening to breach Monday's low at 1.1123. The upcoming release of the April U.S. payrolls report should be dollar supportive, we think, as the report should show a rebound from March's unexpected weakness. Greece also remains a thorn in the euro's side as news reports from ongoing negotiations suggest that fundamental differences remain between the Greek government and creditors. Sterling has underperformed notably over the ... Read More 

  • Asian Edition2015-05-04 18:26 UTC

    FX trade was quite light in N.Y. on Monday, As London's holiday absence kept interest subdued. But for nearly in-line factory data, there was nothing on the calendar, though yields came off slightly, and Wall Street rallied. The dollar was flat overall, and plied narrow ranges versus the major currencies. EUR-USD idled between 1.1130 and 1.1190, as USD-JPY lingered inside of 120.05 and 120.27. Cable was sideways over 1.5100, as USD-CAD found support under ... Read More 

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