Highlights of the latest Marker Research release on EUR.
Full research available here.
The EUR Index spent the whole period below the baseline and held steadily among the worst three performers. In this regard, the index ended the period second, deepening the loses of the past periods with a –0.69% weekly change. The longer-term developments also remained on the negative side, with the 18-nation currency showing one of the greatest half-yearly declines among its observed counterparts. The only peer to underperform the Euro was the Swedish krona, whose index was closely following that of the single currency throughout the period, but plunged after disappointing retail sales on Thursday.
Both the market and the Euro turbulence picked up compared to the period ending on August 26, with portions of elevated volatility rising closer to one third. EUR/CAD, EUR/CHF, and EUR/USD were most notable in that aspect, as their volatility indexes exceeded historical averages for over 40% of time. The most traded currency pair was also the one to reach the highest volatility peak, with its index spiking above 4 during the weekend. All in all, however, while the Euro was among the period’s leaders in terms of elevated turbulence, its greatest volatility spikes were well below average compared to other observed currencies.
Even though the period was not rich with European data releases, the composite, on average, was holding at the usual level of 0.28. Compared with the previous period, the sort-term values of components also remained almost unchanged. The most noticeable development was the 0.17 points rise in correlations between EUR/USD and EUR/CHF. In the meantime, the bond between EUR/USD and EUR/NZD has weakened. Comparing the current value with the ones of the previous week and the previous year, average correlations has decreased for 0.09 and 0.21 points, respectively.
Full research available here.
The EUR Index spent the whole period below the baseline and held steadily among the worst three performers. In this regard, the index ended the period second, deepening the loses of the past periods with a –0.69% weekly change. The longer-term developments also remained on the negative side, with the 18-nation currency showing one of the greatest half-yearly declines among its observed counterparts. The only peer to underperform the Euro was the Swedish krona, whose index was closely following that of the single currency throughout the period, but plunged after disappointing retail sales on Thursday.
Both the market and the Euro turbulence picked up compared to the period ending on August 26, with portions of elevated volatility rising closer to one third. EUR/CAD, EUR/CHF, and EUR/USD were most notable in that aspect, as their volatility indexes exceeded historical averages for over 40% of time. The most traded currency pair was also the one to reach the highest volatility peak, with its index spiking above 4 during the weekend. All in all, however, while the Euro was among the period’s leaders in terms of elevated turbulence, its greatest volatility spikes were well below average compared to other observed currencies.
Even though the period was not rich with European data releases, the composite, on average, was holding at the usual level of 0.28. Compared with the previous period, the sort-term values of components also remained almost unchanged. The most noticeable development was the 0.17 points rise in correlations between EUR/USD and EUR/CHF. In the meantime, the bond between EUR/USD and EUR/NZD has weakened. Comparing the current value with the ones of the previous week and the previous year, average correlations has decreased for 0.09 and 0.21 points, respectively.