Highlights of the latest Marker Research release on EUR.
Full research available here.
This has been a very strong period for the Euro, as the currency gained 0.7% and was among the best performers with the Canadian Dollar, Swedish currency and Swiss Franc. While a clear leader in the negative sense was the Japanese Yen that continued to underperform against all of the currencies for the third straight week, it lost around 2% of its value. Also the Australian Dollar declined, while all the other currencies not mentioned was little changed in the five-day period. However, there are no currencies that performed very well, as none of the majors rose more than 1%, while in the last time of writing two currencies surpassed the level.
Even though there were many important economic data releases through week in the Euro zone, some of the attention was lured away by other more important announcements or data. Nonetheless, in each day at least for some time the volatility index surpassed the normal level. Market’s elevated volatility increased to 26%, after 22% in the previous period, while Euro’s elevated volatility reached 23%, after last week’s drop to 17%. The EUR/CHF cross was the most tranquil with elevated volatility reading only at 8%, which is considerably lower compared to past week’s 32%, when it was the highest level among all the currency pairs.
The Euro significance measure picked up pace through the week, after ending below 0.20 level in the previous period. At the same time, mostly there were nor negative, nor positive correlations between Euro pair’s. The highest level was reached at the first part of Thursday, after the releases of French, German and Euro zone flash manufacturing PMIs that disappointed the Euro bulls. Although, the Euro significance gauge did not manage to hold above the 0.3 mark. Nonetheless, for most of the time through the period the measure was around 0.23.
Full research available here.
This has been a very strong period for the Euro, as the currency gained 0.7% and was among the best performers with the Canadian Dollar, Swedish currency and Swiss Franc. While a clear leader in the negative sense was the Japanese Yen that continued to underperform against all of the currencies for the third straight week, it lost around 2% of its value. Also the Australian Dollar declined, while all the other currencies not mentioned was little changed in the five-day period. However, there are no currencies that performed very well, as none of the majors rose more than 1%, while in the last time of writing two currencies surpassed the level.
Even though there were many important economic data releases through week in the Euro zone, some of the attention was lured away by other more important announcements or data. Nonetheless, in each day at least for some time the volatility index surpassed the normal level. Market’s elevated volatility increased to 26%, after 22% in the previous period, while Euro’s elevated volatility reached 23%, after last week’s drop to 17%. The EUR/CHF cross was the most tranquil with elevated volatility reading only at 8%, which is considerably lower compared to past week’s 32%, when it was the highest level among all the currency pairs.
The Euro significance measure picked up pace through the week, after ending below 0.20 level in the previous period. At the same time, mostly there were nor negative, nor positive correlations between Euro pair’s. The highest level was reached at the first part of Thursday, after the releases of French, German and Euro zone flash manufacturing PMIs that disappointed the Euro bulls. Although, the Euro significance gauge did not manage to hold above the 0.3 mark. Nonetheless, for most of the time through the period the measure was around 0.23.