Thanks to sub-standard US retail sales and ongoing Brexit-related optimism, EUR/USD bulls continued to strengthen their grip Wednesday, adding more than 40 points and recording a second successive gain.
Key risk events today: UK CPI y/y; UK PPI Input m/m; Canada CPI m/m, Common CPI y/y, Median CPI y/y and Trimmed CPI y/y; US Core Retail Sales m/m; US Retail Sales m/m; BoE Gov Carney Speaks; FOMC Members Evans and Brainard Speak; German Buba President Weidmann Speaks. EUR/USD: The euro settled a shade higher … Continue reading Wednesday 16th October: Dollar index languishing around the lower end of the week’s range ahead of packed macroeconomic calendar.
Key risk events today: Australia Monetary Policy Meeting Minutes; BOJ Gov Kuroda Speaks; China CPI y/y; BoE Gov. Carney Speaks; UK Average Earnings Index 3m/y; UK Claimant Count Change; UK Unemployment Rate; German ZEW Economic Sentiment; MPC Member Vlieghe Speaks; FOMC Members George and Bullard Speak. EUR/USD: Europe’s single currency concluded Monday rangebound vs. an … Continue reading Tuesday 15th October: US, Canada and Japan set to return after long weekend.
EUR/USD bulls remained on the offensive last week, extending the prior week’s recovery ahead of the 2016 yearly opening level at 1.0873, a reasonably notable support/resistance.
Europe’s shared currency, a beneficiary of dollar softness, clocked a weekly peak at 1.1033 Thursday before mildly paring gains into the close. The dollar index, or DXY, also overthrew 99.00 to the downside in recent movement, having shrugged off mixed US data in the form of CPI and weekly initial claims.
