Free Trial
EUROZONE

Timeline of key events (Times BST)

EURGBP TECHS

Bearish Threat Remains Present

GBPUSD TECHS

Through Last Week’s Highs

EURUSD TECHS

Challenging The 20-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1609, range $1.1597-1.1624. Europe open
$1.1612, range $1.1588-1.1617.
* Friday's reversal of initial NFP rally to $1.1690 saw rate drop to $1.1599,
closed at $1.1610.
* Kuroda dovish comments spiked Usd/Jpy higher in Asia, eased Eur/Usd down to
$1.1597 before it recovered to $1.1624. 
* Rate drifted off to $1.1606 before settling back around $1.1610 into Europe. 
* Release of strong Germany Factory Orders data failed to boost the Eur and kept
focus on the downside.
* Rate probed under the Asian low to $1.1596 before it recovered to $1.1616. 
* Sales of Eur/Jpy and Eur/Gbp pressed rate to an extended low of $1.1588 but
managed to settle back above $1.1600.
* Data released Friday showed asset managers added to longs as of Oct31, longest
positioning since 2006.
* Little reaction seen from EU Services/Composite PMI releases.    
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.