The shared currency practically stayed put in the wake of today’s US docket, with the EUR/USD keeps hovering over the 1.3180/85 area. Spot remains confined to the upper 1.3100s despite data releases in the US came in on a softer tone overall. In fact, both Personal Spending and Personal Income disappointed...
The post-GDP slide did not quite reach Wednesday's 1.0827 low, with lows of 1.0831 recorded so far. A break targets 1.0807, the 50% retracement of the 1.0615/1.0999 rally.
Kit Juckes, Global Head of Currency Strategy at Societe Generale, underlines the current USD strength. "Risk assets have been resilient, but the dollar uptrend has started as front-end rate expectations continue to move in its favour".
EZ core CPI data appears to have stabilized albeit at very low levels and that news helped to boost EUR/USD slightly in morning European trade today.
The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.6% YoY during July, matching the previous print. On a monthly basis, prices rose 0.1%.
Valeria Bednarik – Profit taking or risk aversion at month end? One thing is for sure, majors seem condemned to remain in range.
GBP/USD Forecast: quiet consolidation by FXStreet
EURAUD approaching next big support by ForexTrading.TV
The FTSE is rapidly approaching a very significant level right now – the pen-ultimate level to its all-time-high of 6950 (which was last tested in January...
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT): EURUSD: 1.3225 -1.3240 on...