{"id":81603,"date":"2015-11-27T02:41:38","date_gmt":"2015-11-27T07:41:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=81603"},"modified":"2015-11-27T20:00:58","modified_gmt":"2015-11-28T01:00:58","slug":"euro-set-for-monthly-decline","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/euro-set-for-monthly-decline\/","title":{"rendered":"Euro set for monthly decline"},"content":{"rendered":"
November 27, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

The euro is set for its longest stretch of weekly declines versus the yen since the common currency\u2019s creation in 1999 as anticipation builds that the European Central Bank will surprise some investors with the size of its stimulus next week. The single currency is also headed for its biggest monthly loss since March versus the greenback.<\/p>\n

Australia\u2019s dollar is poised to end a series of weekly gains as there are increasing expectations that the Reserve Bank of Australia will lower benchmark rates in the first quarter of 2016.<\/p>\n

Currencies<\/p>\n

JPY
\n\u2022 USD\/JPY quiet early in Asia post-US Thanksgiving holiday, fell towards end of session to 122.38
\n\u2022 Crosses steady \u2013 EUR\/JPY 130.02-15, bias down, GBP\/JPY 184.95-185.31.
\n\u2022 AUD\/JPY 88.40-72, NZD\/JPY 80.34-68, both buoyant on demand for yield.<\/p>\n

EUR
\n\u2022 EUR\/USD does little in Asia post-US Thanksgiving, 1.0601-16
\n\u2022 Consensus building for ECB move on rates in December, more QQE next year.<\/p>

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GBP
\n\u2022 GBP\/USD does little, 1.5091-1.5105 in Asia, little interest, consolidation.
\n\u2022 EUR\/GBP quiet too, 0.7019-32 in Asia.<\/p>\n

CHF
\n\u2022 USD\/CHF does nothing, Asia range 1.0235-40.
\n\u2022 Bias still up on diverging central bank expectations (Fed-SNB).
\n\u2022 EUR\/CHF 1.0852-69, treading water.<\/p>\n

AUD
\n\u2022 AUD\/USD opens Asia at 0.7225, trades 0.7214-33, trading lifeless.
\n\u2022 Support pre-0.7200, o\/n low 0.7210.
\n\u2022 Base metal rally offsetting effects of yesterday\u2019s CAPEX shocker.
\n\u2022 Month-end flows eyed Monday, China PMI and RBA meeting Tuesday.<\/p>\n

NZD
\n\u2022 NZD\/USD Asia open 0.6566, non-descript 0.6556-79 range, volume low.
\n\u2022 Lack of local\/Australia leads too, month-end Monday factor too.
\n\u2022 China SDR announcement, RBA\/ECB meetings, US NFP too.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The euro is set for its longest stretch of weekly declines versus the yen since the common currency\u2019s creation in 1999 as anticipation builds that the European Central Bank will surprise some investors with the size of its stimulus next week. The single currency is also headed for its biggest monthly loss […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-81603","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=81603"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81603\/revisions"}],"predecessor-version":[{"id":81625,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81603\/revisions\/81625"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=81603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=81603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=81603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}