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11 Aug 2014

EUR still points south – Danske Bank

FXStreet (Edinburgh) - Allan von Mehren, Chief Analyst at Danske Bank, notes the persistent bearish stance on the single currency.

Key Quotes

“In G10, the DXY Index weakened slightly on Friday, as tensions in the Middle East shifted some of the geopolitical risks away from Europe”.

“Given the extent of short EUR and JPY positioning, this squeeze can have further legs”.

“Fundamentally, nothing has changed and we expect EUR/USD to grind lower in coming months”.
Aug 11, 2014

EUR/NOK plummets to 8.3000 on CPI

The Norwegian krone is now sharply appreciating vs. the euro, dragging the EUR/NOK to print multi-week lows near 8.3000...
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Aug 11, 2014

USD/CHF – how to live after 2-week low

USD/CHF opened the day at 0.9048, moved higher to 0.9064, but is not ready to continue at the moment.
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