Europe Summary and Highlights 21 October

October 21, 2024 10:02 AM UTC

JPY weakness was the main theme in the European morning, with USD/JPY gaining around 60 pips to 149.95.

Europe Summary and Highlights 18 October

October 18, 2024 10:03 AM UTC

GBP was the only real mover in the European morning, with EUR/GBP dropping below 0.83 for the first time since April 2022 in response to stronger than expected UK retail sales data for September.

Europe Summary and Highlights 17 October

October 17, 2024 10:14 AM UTC

The USD was generally not much changed in a quiet European morning, making marginal gains against the JPY and CAD and marginal losses against the EUR.

Europe Summary and Highlights 16 October

October 16, 2024 10:07 AM UTC

The USD was generally slightly softer through a generally fairly quiet European morning.

Europe Summary and Highlights 14 October

October 14, 2024 10:04 AM UTC

USD/JPY gained 20 pips to 149.40 in the European morning, while EUR/USD was slightly firmer at 1.0930, with EUR/GBP also gaining slightly to move above 0.8370.

Europe Summary and Highlights 11 October

October 11, 2024 10:07 AM UTC

The USD was mixed in the European morning, gaining some ground against the JPY but falling back slightly against the riskier currencies, although he USD losses were mostly reversed by the end of the morning. 

Europe Summary and Highlights 10 October

October 10, 2024 10:10 AM UTC

The USD was mixed in the European morning, losing some ground against the JPY but gaining slightly against the EUR. USD/JPY fell from 149.20 to 148.90, while EUR/ISD slipped from 1.0940 to 1.0930.

Europe Summary and Highlights 9 October

October 9, 2024 10:12 AM UTC

A very quiet European morning saw marginal gains for USD/JPY which rose 10 pips to 148.65, and small losses for EUR/CHF, which lost 15 pips to 0.9395. 

Europe Summary and Highlights 8 October

October 8, 2024 10:18 AM UTC

FX markets were quiet through the European morning. The only move of note was in the CHF, with EUR/CHF gaining around 25 pips to 0.9405, helped by modest equity market gains through the morning after a soft start after the declines in Chinese equities overnight.

Europe Summary and Highlights 7 October

October 7, 2024 10:11 AM UTC

Mild risk aversion was the main theme of the European morning, with equities generally moving lower.

Europe Summary and Highlights 4 October

October 4, 2024 9:52 AM UTC

USD/JPY edged up through the European morning session, gaining around 30 pips to 146.40 and correcting some of the declines seen in Asia overnight.

Europe Summary and Highlights 3 October

October 3, 2024 10:14 AM UTC

GBP saw the biggest move in the European morning, with EUR/GBP gaining 80 pips to 0.8410 after an interview with BoE governor Bailey in the Guardian newspaper. 

Europe Summary and Highlights 2 October

October 2, 2024 10:14 AM UTC

USD/JPY gained around half a figure through the European morning session, helped by comments from BoJ governor Ueda who said that markets were still unstable – seen as code for indicating that BoJ policy would remain accommodative for the time being. 

Europe Summary and Highlights 1 October

October 1, 2024 10:08 AM UTC

EUR/USD slipped lower through the European morning, losing nearly half a figure from an open near 1.1140

Europe Summary and Highlights 30 September

September 30, 2024 10:15 AM UTC

EUR/USD gained around 20 pips through the European morning, rising after the German CPI data come in weaker than the published median, though probably not as weak as expected after the very low French and Spanish CPI data last week.

Europe Summary and Highlights 27 September

September 27, 2024 10:12 AM UTC

USD/JPY fell sharply early in the European morning, triggered by the election of Ishiba as the new LDP head and PM.

Europe Summary and Highlights 26 September

September 26, 2024 9:59 AM UTC

The JPY was marginally lower and the riskier currencies generally slightly higher in the European morning, with equities once again making solid gains after the better Chinese equity performance overnight.

Europe Summary and Highlights 25 September

September 25, 2024 10:15 AM UTC

The USD was generally firmer through the European morning, particularly against the JPY with EUR/JPY making a new high for the month at 161.29.

Europe Summary and Highlights 24 September

September 24, 2024 10:12 AM UTC

EUR/JPY gained ground through the European morning, with both EUR/USD and USD/JPY moving higher, each gaining around 20 pips although the gains were larger earlier in the session.

Europe Summary and Highlights 23 September

September 23, 2024 10:00 AM UTC

EUR/USD fell 60 pips through the European morning as the Eurozone PMI data came in much weaker than expected.

Europe Summary and Highlights 20 September

September 20, 2024 10:03 AM UTC

USD/JPY gained a figure and a half through the European morning session following the Ueda press conference, which was seen as showing a less hawkish stance than communicated in July. 

Europe Summary and Highlights 19 September

September 19, 2024 10:06 AM UTC

The USD lost ground against the riskier currencies through the European morning. 

Europe Summary and Highlights 18 September

September 18, 2024 10:14 AM UTC

EUR/USD gained around 20 pips through the European morning, while GBP/USD was the best performer, rising 60 pips to 1.3220 after UK CPI data came in essentially in line with expectations at 2.2% y/y.

Europe Summary and Highlights 17 September

September 17, 2024 9:59 AM UTC

Not much FX movement seen in a quiet European morning session. 

Europe Summary and Highlights 16 September

September 16, 2024 10:00 AM UTC

The USD fell back against the riskier currencies in the European morning, but finished unchanged against the JPY slightly above 140 after making new lows for the year at 139.58 earlier in the session.

Europe Summary and Highlights 13 September

September 13, 2024 9:52 AM UTC

The USD extended overnight losses in the European morning after staging a modest initial rally.

Europe Summary and Highlights 12 September

September 12, 2024 9:56 AM UTC

EUR/USD, GBP/USD, USD/CAD and USD/JPY were all little changed through the European morning, but the AUD slipped back around 15 pips to 0.6675 and EUR/CHF extended overnight gains to trade around 20 pips higher at 0.9415.

Europe Summary and Highlights 11 September

September 11, 2024 10:00 AM UTC

There was little change in most G10 currencies in the European morning, following JPY strength overnight. 

Europe Summary and Highlights 10 September

September 10, 2024 10:08 AM UTC

EUR/GBP and EUR/NOK both moved lower in what was otherwise a fairly quiet European morning session.

Europe Summary and Highlights 9 September

September 9, 2024 10:35 AM UTC

The USD was generally firmer through the European morning, mainly against the JPY, with USD/JPY rising more than half a figure to 143.50.

Europe Summary and Highlights 6 September

September 6, 2024 9:45 AM UTC

JPY paused in Europe after further good gains in Asia.

Europe Summary and Highlights 5 September

September 5, 2024 9:43 AM UTC

The JPY remains the key focus in the FX market, with European trading seeing a small JPY pullback after the rapid gains over the past few sessions.

Europe Summary and Highlights 4 September

September 4, 2024 9:58 AM UTC

The USD is marginally on the defensive after yesterday selloff in U.S. equities, as opinion is mixed on what it means for FX.

Europe Summary and Highlights 3 September

September 3, 2024 9:54 AM UTC

The JPY gained some further ground across the board in Europe and building on the JPY surge in Asia, after BOJ Ueda recommitted to further rate hikes if growth and inflation come in as expected. 

Europe Summary and Highlights 2 September

September 2, 2024 9:44 AM UTC

The USD moved gently higher in Europe against most majors, with trading thinned due to the U.S. holiday.

Europe Summary and Highlights 30 August

August 30, 2024 9:41 AM UTC

The USD had a choppy sideways session in Europe, with the market waiting for the U.S. PCE Inflation data today but more importantly next Friday’s U.S. employment report. 

Europe Summary and Highlights 29 August

August 29, 2024 9:50 AM UTC

The EUR fell back through the European morning following weaker than expected preliminary August German state CPI data as well as weaker than expected preliminary August Spanish CPI data.

Europe Summary and Highlights 28 August

August 28, 2024 9:58 AM UTC

The EUR fell back through the European morning, with the JPY and the CHF the main beneficiaries. 

Europe Summary and Highlights 27 August

August 27, 2024 10:32 AM UTC

A fairly quiet European session saw modest gains for GBP and CHF, but not much net movement in EUR/USD or USD/JPY.

Europe Summary and Highlights 26 August

August 26, 2024 10:01 AM UTC

USD consolidates in Europe, but tone is weak. 

European Summary and Highlights 23 August

August 23, 2024 9:59 AM UTC

USD moved sideways in Europe, as traders want to wait for Powell comments at Jackson Hole.

European Summary and Highlights 22 August

August 22, 2024 10:14 AM UTC

GBP made gains after stronger than expected PMIs from both the UK and the Eurozone.

European Summary and Highlights 21 August

August 21, 2024 10:03 AM UTC

Mildly risk positive trading through the European morning. 

European Summary and Highlights 20 August

August 20, 2024 10:01 AM UTC

USD/JPY dropped around 70 pips to 146.50 through the European morning, and EUR/CHF fell 20 pips to 0.9530.

European Summary and Highlights 19 August

August 19, 2024 10:33 AM UTC

USD/JPY bounced in the European morning following the sharp drop in Asia, and the USD was also generally slightly firmer elsewhere, although GBP and the AUD held onto overnight gains. 

Europe Summary and Highlights 16 August

August 16, 2024 10:08 AM UTC

The USD was mostly weaker through the European morning.

Europe Summary and Highlights 15 August

August 15, 2024 10:05 AM UTC

Europe session 
Subdued summer trading in Europe, with not much movement in spot rates.  Next focus is the U.S. retail sales data.  However, traders are also looking ahead to Fed Powell comments at Jackson Hole at the end of next week to see whether the Fed chair is leaning towards 25bps or 50bps

Europe Summary and Highlights 14 August

August 14, 2024 10:11 AM UTC

USD weaker versus riskier currencies in Europe.

Europe Summary and Highlights 12 August

August 12, 2024 11:19 AM UTC

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