EUR/USD is starting off the new trading week quietly. The euro gained closed to one cent last week, and is trading in the mid-1.33 in Monday’s European session. Taking a look at Monday’s releases, it’s a quiet start to the week. Eurozone releases started off with a whimper ,as today’s tow releases disappointed. Both Italian and Eurozone Trade Balances fell well short of their estimates. In the…Continue
The pound enjoyed another good week, climbing close to two cents against the US dollar. GBP/USD closed at 1.5737. This week’s major events include CPI and Retail Sales. Here is an outlook of the events and an updated technical analysis for GBP/USD.
Both UK and US numbers were a mix last week. In the UK, Manufacturing Production missed the estimate but unemployment…Continue
EUR/USD advanced for a fourth consecutive week and is at a 4 month high, riding on the dollar’s weakness. Will the pair make a correction or continue advancing steadily? German ZEW Economic Sentiment and Flash PMI figures will provide insights about the direction of the euro-zone economies, and are the main events of the week. Here is an outlook for the week’s events and an updated technical analysis…Continue
EUR/USD is showing limited movement, as the pair trades in the low-1.33 range in Friday’s European session. The pair shrugged off strong US retail sales and unemployment numbers on Thursday. Inflation data is on the minds of the markets, as Eurozone CPI and Core CPI matched expectations. The US wraps up the week with two key releases – PPI and Preliminary UoM Consumer…Continue