Highlights of the latest Market Research release on EUR.
Full research available here.
The past week was quite successful for the single currency. The Euro Currency Index was ranging around the base line during almost the whole period, however, on Thursday, ahead of the ECB monetary policy meeting the index started to grow. Thus the EUR index ended the period with the third best result (100.56), losing only to the US dollar (100.71) and the Swiss franc (101.08).
In a terms of the elevated volatility, the market and the Euro continued the previous week tendency, and their volatility have declined even more. Thus the portions of elevated volatility of the aggregate and EUR were only 11% and 13% respectively. For the most of the components the past week also was rather tranquil, and they spent above the historical level 6% - 22% of the period. The exception were EUR/GBP and EUR/AUD, the components showed relatively high results, having held above the 1-point level 35% and 37% of the observed week. The highest peaks of the market and EUR volatility indexes did not even reach 2 points. Among the components, only EUR/CAD managed to overcome the 2-point level.
For the second week in a row the single currency significance measure continued to decrease. Thus in a five trading days the composite has weakened by 0.15 points. However, compared with the previous week the averages of the gauge and its components mostly remained unchanged. The most notable changes were in EUR/USD correlations with EUR/GBP and EUR/NZDaverages gained 0.08 and lost 0.08 points respectively. Most of the correlation distributions, have concentrated at the level of averages, almost entirely having lost the upper tail.
Full research available here.
The past week was quite successful for the single currency. The Euro Currency Index was ranging around the base line during almost the whole period, however, on Thursday, ahead of the ECB monetary policy meeting the index started to grow. Thus the EUR index ended the period with the third best result (100.56), losing only to the US dollar (100.71) and the Swiss franc (101.08).
In a terms of the elevated volatility, the market and the Euro continued the previous week tendency, and their volatility have declined even more. Thus the portions of elevated volatility of the aggregate and EUR were only 11% and 13% respectively. For the most of the components the past week also was rather tranquil, and they spent above the historical level 6% - 22% of the period. The exception were EUR/GBP and EUR/AUD, the components showed relatively high results, having held above the 1-point level 35% and 37% of the observed week. The highest peaks of the market and EUR volatility indexes did not even reach 2 points. Among the components, only EUR/CAD managed to overcome the 2-point level.
For the second week in a row the single currency significance measure continued to decrease. Thus in a five trading days the composite has weakened by 0.15 points. However, compared with the previous week the averages of the gauge and its components mostly remained unchanged. The most notable changes were in EUR/USD correlations with EUR/GBP and EUR/NZDaverages gained 0.08 and lost 0.08 points respectively. Most of the correlation distributions, have concentrated at the level of averages, almost entirely having lost the upper tail.