The EUR/USD is testing the 1.3400 level after rallying around 170 pips from 1.3225 to intra-day high of 1.3398. The GBP/USD collapsed to 7-month lows at 1.5415 where the pair remains trading on consolidation mode.
Main Headlines in America
Commodities Brief – Precious metals pare gains at onset of US trading
Hollande admits France will grow less than expected this year
American equity markets open positively after long weekend
Session Recap: USD mixed. Range trading prevails
US: NAHB Housing Market Index eases to 46 in February
Forex: USD/JPY under narrow range, flat on the week
S&P 500 hits fresh 5-year high
Forex: EUR/USD threatens daily highs
Fundamental Afternoon Wrap: EUR capital flows climb & BoJ proposals loom
Downgrade rumors weigh on the Sterling
S&P – no comment on rumor of a UK downgrade
Forex: GBP/USD breaks down 1.5435 towards fresh 7-month lows
Forex: EUR/USD testing Monday’s highs, around 1.3380
SNB’s Jordan: Will continue to enforce cap with utmost determination
US markets in 5-year highs, dollar flat
Forex: USD/JPY slides to fresh daily low
Forex: EUR/USD keeps pushing higher, eyes on 1.3400






