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Forex: EUR/USD back to 1.3065/70 after mixed euro zone data

The shared currency is trading back to the region of 1.3065/70 on Friday, after the manufacturing sectors in France, Germany and the euro bloc as a whole posted improvements in February, although still well below the 50 threshold. In the opposite direction, Italian unemployment rose to 11.7% in January, missing estimates at 11.3% and higher than December’s 11.2%.

As of writing, the pair is advancing 0.07% at 1.3067 with the next resistance at 1.3100 (psychological level) followed by 1.3163 (high Feb.28) and then psychological level at 1.3200
On the flip side, a breakdown of 1.3053 (low Feb.28) would aim for 1.3041 (low Feb.27) and finally 1.3018 (low Feb.26).

Forex Flash: The Netherlands joins France on worry list - BBH

Brown Brothers Harriman analysts note that yesterday the Dutch debt market showed little reaction to the idea that new deficit forecasts show that without new measures, it will overshoot the 3% target this year and next, leaving it vulnerable to a credit downgrade.
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Forex Flash: The dollars slowly turning - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale note that so far in 2013, the strongest of the currencies he monitors is one whose central bank has given up trying to push it down and is more worried about inflation, namely, the Brazilian real.
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