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12 Mar 2015
EUR marginally stronger, European equities bearish – TDS
FXStreet (Barcelona) - Cristian Maggio, Head of Emerging Markets Research at TD Securities, summarizes the market performance in the European session, noting that the EUR is trading marginally stronger after falling below 1.05 overnight.
Key Quotes
“The European session opened quietly after the euro briefly fell below 1.05 overnight. Aside from this episode, there’s nothing strikingly important to flag in the European session today.”
“The EUR is marginally stronger at around 1.0593 at the time of writing, but that merely compensates for half of yesterday’s losses as the ECB moves full steam into QE.”
“EM currencies have also taken a chance to rebound after three days of weak trading against the dollar.”
“The NZD remains the best G10 performer today, on the lack of dovish cues in today’s RBNZ statement, +1.5%, just shy of the day’s high at US$0.7408.”
“European equities are trading more bearishly than their Asian peers, with most bourses in the red, while commodities are having the upper end today (Brent +1.2% at around $58, gold +0.4% at $1160/Oz) as the pullback in the USD is giving them a bid.”
Key Quotes
“The European session opened quietly after the euro briefly fell below 1.05 overnight. Aside from this episode, there’s nothing strikingly important to flag in the European session today.”
“The EUR is marginally stronger at around 1.0593 at the time of writing, but that merely compensates for half of yesterday’s losses as the ECB moves full steam into QE.”
“EM currencies have also taken a chance to rebound after three days of weak trading against the dollar.”
“The NZD remains the best G10 performer today, on the lack of dovish cues in today’s RBNZ statement, +1.5%, just shy of the day’s high at US$0.7408.”
“European equities are trading more bearishly than their Asian peers, with most bourses in the red, while commodities are having the upper end today (Brent +1.2% at around $58, gold +0.4% at $1160/Oz) as the pullback in the USD is giving them a bid.”