Category in EUR/USD

EUR/USD: Professional market still looking to sell despite Greek debt extension

Most of the research and trade strategies that I’m reading this morning from banks and professional traders shows that nothing much has changed despite the 4-month debt extension. Traders are still very much in sell-rally mode. The big levels to watch topside would seem to be around 1.1550, as a break above that will have

EUR/USD: Strong bearish bias, now need to pick new range

The ECB action sets a clear agenda for the EUR and further losses look inevitable. Nevertheless, the market is short and there will be short-covering spikes. I’d now be using 1.1500/30 as my topside resistance area and selling rallies towards there looks like a sensible move. It’s more difficult to pick any downside stopping points

Important decisions looming this week for ECB QE

From Barclays research: The European Court of Justice (ECJ) opinion will have crucial implications for government bond purchases by the ECB and the outlook for the euro. On Wednesday, the Advocate General of the ECJ will publish his opinions on a list of questions raised by the German Constitutional Court (GCC) regarding the Outright Monetary

EUR flows: Speculators short but big players still selling

Just catching up on interbank research after a 2 week break and the following factors are being consistently reported: Prime Brokers are reporting heavy speculative short positions amongst professional players, especially through the options market; Overall short positioning in the spot market is at significant levels; Net Fixed Income flows have been very EUR-negative and

EUR/USD: Prefer to buy intraday dips for possible short-squeeze

Notwithstanding the fact that the SNB is upsetting the market equilibrium with their ill-advised tactics, I still like the risk-reward associated with buying dips in EUR/USD in anticipation of a pre-weekend short squeeze. EUR/GBP led the way overnight and I suspect that there will now be plenty of stops above 1.2500 in EUR/USD. The short-term