EURUSD The Euro is witnessing weak movements during Asian trading on Tuesday as it was affected by the Dollar’s attempts to recover after the US Congress reached an interim agreement to end the Government Shutdown. Technically, a rebound in the pair should reinforce the previous bullishness. The pair’s success in breaching near resistance levels at…
EURUSD The Euro traded downwards during the Asian trading session as the Dollar gained strength. European markets are however, optimistic that German political parties will reach an agreement on forming a coalition government despite lingering inter-party skirmishes. Markets are also in high anticipation of the ECB Meeting this week, and the comments of the Bank…
EURUSD The Euro rallied to a three-year high yesterday Tuesday, as the ECB Members’ comments on the Bank’s ability to end the Stimulus Program were positive. With the Euro Zone seeing its best growth in a decade, the ECB should gradually shift its stance to avoid a more disruptive move later and look at a…
EURUSD The Euro continued to rise at the beginning of the week to trade near a three-year high, a level which it hit by last weekend. The recovery comes as the Dollar weakens and the EuroZone economy improves. The Euro’s positive performance came after European Central Bank monetary policy makers said in the Minutes of…
Lots of economic data and events scheduled for the day, but all with low to moderate volatility risks: Data released so far: Australia: November retail sales rose 1.2 percent. Next Data: Japan: The simultaneous and leading economic indicator will be updated at 5:00 GMT. The trade balance figures will be released at 23:50 GMT. Spain:…
Bitcoin can’t catch a break in China as authorities have quietly ordered a number of miners to cease operations. Elsewhere, the NAFTA jitters [US comfortable to trigger North Atlantic Trade Treaty Exit and Mexico likely to follow suit] seem to be giving a weak footing to the CAD. CAD declined by close of Wall Street…
Overnight Developments 01:30 China Dec PPI YY, 4.8% forecast, 5.8% previous, 4.9% previous 01:30 China Dec CPI YY, 1.9% forecast, 1.7% previous, 1.8% previous 01:30 China Dec CPI MM, 0.4% forecast, 0.0% previous, 0.3% previous Market Recap All major Asian Indices traded mixed early Wednesday. Gold was slightly down. The Euro declined against the Dollar…
EURUSD The Euro edged higher during Wednesday’s trading session after falling sharply yesterday to a one-week low thanks to the Dollar’s consolidation. Despite recent declines in the pair, prices still have to break and hold below support levels at 1.1920 and 1.1900 to confirm the a continued decline. Breaking the resistance levels close at 1.1950…
EURUSD The Euro traded weakly during the Asian trading session on Tuesday, after yesterday’s sell-off with the start of correction on the European currency after the surge in the past period. EuroZone Inflation Data, which came in lower than expected last Friday, encouraged the bearish trend on the single European currency, especially as the Dollar…
EURUSD The Euro saw mild volatility during the first trading session of the week, after a nosedive late last week despite the weak performance of the US Dollar against other currencies on the back of weaker-than-expected Employment Data. The Euro has seen some lower-than-expected Inflation Data from the EuroZone, which supports the ECB’s move to…
