EUR/USD began the new trading week with a move higher within the range. It peaked just below 1.3640 as tension prevents a real break in either direction. ECB president Mario Draghi will dominate the scene later on in an official testimony. Will he attempt to talk down the euro?
Here is a quick update on what’s moving the pair.
The high-flying pound took a breather last week, asGBP/USD posted modest losses. The pair closed at the round number of 1.71. This week’s highlights are CPI and Claimant Count Change. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.
British Manufacturing Production surprised with a sharp drop,…Continue
EUR/USD settled in range in a week that saw fear return to the markets. Industrial production, Draghi’s testimony, German ZEW Economic Sentiment and ZEW Economic Sentiment, inflation data are the highlights of this week. Here is an outlook on the highlights of this week and an updated technical analysis for…Continue
EUR/USD is trading at the lower end of the well known of the range as the week draws to an end. Risk is back in the picture with the miss of the payment in the Portuguese holdings company. The pair went lower also thanks to some hawkish sounds from the Fed, even though things are moving very slowly at that end. A light calendar today means that speculation will be in…Continue