Watch: The Central European growth champions [Video]

Chris Turner ING Economic and Financial Analysis

Central and Eastern Europe has been withstanding the slowdown in Western Europe very well. But will the good times last? ING's Head of FX Strategy, Chris Turner, has answers to that. Watch how he explains the main points of his team's big report, 'Directional Economics: Why CEE is withstanding the European slowdown'.

Author

Chris Turner

ING Economic and Financial Analysis

Chris is Head of FX Strategy at ING. Together with his team, he provides short and medium-term FX recommendations for ING’s corporate and institutional client base.

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.