Free Trial

EUR/USD last trades unchanged at........>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last trades unchanged at $1.1427 after closing 22 pips
higher Monday. Worth mentioning ECB Pres Draghi spoke yesterday, noting
"persistent uncertainties" & "weaker than exp. data", blaming "softer external
demand & some country and sector-specific factors." Elsewhere, ECB's Visco & de
Cos offered little new. 
- Bulls need to retake yesterday's high of $1.1444 before targeting the upper
1.0% 10-DMA envelope at $1.1495. Conversely, bears look for a breach of $1.1415,
which represents the 21-DMA, before attempting a move at yesterday's low of
$1.1390. 
- EZ highlights this week include German CPI & French GDP due Wednesday, as well
as EZ & Italian GDPs due Thursday. Elsewhere, ECB's Villeroy is due to speak
later today, while ECB's Coeure, Mersch & Weidmann will all speak on Thursday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.