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Forex Flash: Euro continues slide - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the Euro´s month long side is carrying into March.

He notes that the currency broke below $1.30 for the first time since Mid-December and while momentum indicators are getting stretched, there is not divergence. He writes, “Our next target is near $1.2880, the 50% retracement of the gains scored after ECB's Draghi promised to do whatever it took (within his mandate, broadly interpreted). The 200-day moving average is a bit lower, near $1.2840. A break there signals a move toward $1.2700. On the upside, the $1.3070-$1.3100 should now offer resistance.”

Forex Flash: More USD Buying as Specs Turn Net Short CAD and EUR - Nomura

Nomura Strategists have taken a look at this weeks IMM Non Commercial Positioning and note that investors have turned net short both CAD and EUR.
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Forex Flash: Euro-politics, US sequester and Chinese data feed risk-off sentiment - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the US sequester, softer Chinese non- manufacturing PMI data, and on-going Italian political uncertainty are giving us, again, a somewhat risk averse start to the week.
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