EUR/USD tumbled last week on the day of the ECBs latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released.
Argentinas government prepared two different sets of measures on Saturday aimed at limiting operations in the parallel exchange rate known as the blue-chip swap rate.
The US dollar has seen a lot of volatility during the course of the week against the Japanese yen, as we had broken down below the ¥110 level.
The Loonie was able to reverse the USD/CADs earlier gains after Canada published favorable employment numbers and the positive interest in WTI prices.
The British pound initially fell during the trading session on Friday but then turned around to show signs of support yet again at the 1.37 region.
The EUR/USD pair has been hovering around the 1.1840 and 1.1850 regions over the past few weeks, with the market anticipating Lagardes speech to determine the direction of the shared currency.
The direction of the EUR/USD into the close on Thursday is likely to be determined by trader reaction to 1.1839.
The USD/CAD pair is struggling to move past the 1.2600 resistance point despite the Loonie faltering and the presence of bullish sentiment.
The sun is out, football is coming to somewhere its not been before and markets are hotting up too, as minds have perhaps wandered elsewhere. Equity markets are selling off but for the most part US stock indices remain very close to all-time highs, with the S&P500 recently making a fresh record peak for the eighth time in nine days.
The US dollar broke down rather significantly during the course of the trading session on Thursday, breaking down below the psychologically important ¥110 level.
Silver was in a neutral zone today, with the precious metal trading just above $26 despite the US Dollar putting on another strong performance for the third-consecutive day.
The USD/CAD pair has continued from it where it left off yesterday, rallying past the 1.2500 resistance zone and now aims to reach the 1.2600 level in the coming hours.
The main trend is down according to the daily swing chart. A trade through the new main top at 1.1895 will change the main trend to up.
The direction of the NZD/USD on Tuesday is likely to be determined by trader reaction to the 50% level at .7083.
The direction of the AUD/USD on Tuesday is likely to be determined by trader reaction to .7551 and .7531.
Private sector PMIs from the Eurozone deliver EUR support, with the Eurozones private sector growth hitting a 15-year high.
LONDON (Reuters) – The $8.7 billion bid battle for Britains fourth largest supermarket group Morrisons ratcheted up on Monday when a third private equity group, Apollo Global Management, entered the fray.
(Reuters) -JD Sports Fashion said on Monday it had transferred the ownership of Baltimore-based retailer DTLR Villa to its U.S. unit to align all its businesses in the country under one entity.
The next major move by the index will be determined by trader reaction to the retracement zone at 91.850 to 92.495.
It was a mixed week for the European majors. While economic data was skewed in favor of riskier assets, the continued rise in new COViD-19 cases weighed on risk appetite.
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