Free Trial

Guess the fact that Eur/Usd didn't......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Guess the fact that Eur/Usd didn't pick up a positive react from
the release of stronger than forecast German Factory Orders data foretold next
market move. Rate had held steady around $1.1610 on release, now challenging the
$1.1600 area, though hekld off earlier Asian low of $1.1597. Rate currently
trades around $1.1601. Below |$1.1597 exposes the Oct30 low of $1.1594, with a
break of $1.1590 to then bring stronger technical level of $1.1575 into view
(Oct27 low). 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.