Euro News

Last week’s currency movements could potentially be a preview of what to expect for 2017. The US dollar showed sensitivity to Fed announcements after the release of December’s FOMC meeting minutes. Meanwhile, Sterling remained on the back foot and performed poorly in most currency pairings for the majority of the week. This was due to […]

Over in the UK, the Bank of England had to admit that they got it wrong about Brexit when they predicted a sharp downturn. Yesterday buoyant service sector showed that the UK economy continues to defy expectations of a Brexit slowdown. The activity index printed at 56.2 and rose to its highest level in 17 […]

Yesterday, Eurozone Inflation figures surprised onlookers, as figures revealed 1.1%, its highest in over three years. With November’s marker of 0.6% a higher price in energy, consumer consumption and tobacco sectors were seen as the driver. Mario Draghi has longed for inflation to be at 2% and his target of 2018-19 could be beaten if […]

The pound lost ground yesterday, following surprise news that the EU ambassador Sir Ivan Rogers had resigned. In his resignation letter, he took a swipe at Government plans, stating a need to challenge ‘ill-founded arguments and muddled thinking’. Rogers was due to step down in November after serving a 4-year term, and was also part […]

German unemployment figures and Consumer Price Index figures are out for viewing this morning, with year-on-year inflation expected to touch 1.4%, its highest number in three years. The figure may boost the Euro slightly however, with the EU extending its Bond Purchasing programme, it is still expected to cause volatile swings for Q1 & Q2. […]

The EUR/JPY went flat throughout last week. However, a closer look at the market reveals that bulls are intent on pushing price higher. So when momentum returns to the market, it might push price towards north. The supply zones at 123.00, 123.50 and 124.00 might be reached soon. EUR/USD: The EUR/USD went down on Monday […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards on Monday and Tuesday, and then began to make some bullish attempt, all in the context of a downtrend. A strong movement is not anticipated this week (although it is a possibility), for the market may not do more than […]

This week trading sessions have showed quite a lack of action, increasing the feeling of a pre-Christmas slowdown. Yesterday, Sterling remained fairly weak against most other currencies and has kicked off this morning with a general downtrend. In terms of the rest of the day’s currency market moves, the dollar managed to retain its firmer […]

Theresa May has suggested that the UK could continue to pay its way into the EU budget once Brexit has been officially completed, as long as she feels that the country is getting ‘value for money’. It was not overly clear whether these payments would cover access to the single market, or whether this was […]

The USD/CHF went seriously upwards last week, testing the resistance level at 1.0300 before retracing a little. The outlook on the market remains bullish for the week, as USD is supposed to continue gathering stamina. The targets for this week are located at the resistance levels of 1.0300, 1.0305 and 1.0400. EUR/USD: The pair went […]