Hi everyone and welcome back! as comment on past Live Webinar early Asian session, majors triggered some shy corrective movements following past American session gains, yet holding previous tone: while EUR, CHF, AUD and CAD are still quite strong against greenback, Pound remains limited due continuous disappointing economic data.
Anyway, market is quiet waiting for ECB. Really I don’t know why, because past months it has been a non-event. Nothing new, nothing to motivate investors; if Trichet speech extends on “inflation under control” “uneven growth” and all the common places he has been with past months, there is not going to be much of a reaction. Still, I will be covering it Live! just in case, as usual, at Fxstreet.com home page.
Hope you can join me there! have a great trading day!
The British pound has extended its decline against the greenback, and now looks poised to make a clear break below the 50-day moving average, while the EURUSD remains capped by 1.2800. EUR traders will now shift their focus to the ECB rate decision which will be released later this week.
The British pound has extended its decline against the greenback, and now looks poised to make a clear break below the 50-day moving average, while the EURUSD remains capped by 1.2800. EUR traders will now shift their focus to the ECB rate decision which will be released later this week.
Hi everyone! market opened with a slightly positive tone, and greenback weak, while waiting for the upcoming of BOJ emergency meeting. Indeed, the start of the week seems quite more interesting that last ones so far, despite tomorrow’s holiday in London could turn markets thinner in Europe.
Here is the Live Coverage, just held, in case you missed it:
http://www.fxstreet.com/live/sessions/session.aspx?id=3a2b848b-38e0-42bc-9c8a-b0ad18d1ee3f
Hi everyone and welcome to this blog! European morning is seeing some dollar weakness across the board, with stocks slightly positive easing the risk aversion environment we had first days’ of the week. Besides as we comment yesterday US data is quite scary lately, and greenback will have difficulties to find support; uneventful news this morning for Euro and Pound, both currencies are close to interesting resistance areas against greenback, 1.2735 for Eur/Usd, 1.5560 for Gbp/Usd; technical confirmations, or at least a strong acceleration above those areas should signal further bullish strength today for both crosses.
Usd/Jpy remains capped under 84.70/80 area, and for what I can see, we remain bearish in the cross; we need to regain at least 86.40 to talk about recovery, and seems too far away right now. Intervention seems even more far away. Swissy remains for me, the strongest currency across the board.
Anyway, we have weekly unemployment claims today in the US, with no much more significant news till tomorrow; here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
