Free Trial

*Jan2 euro-dollar open $1.2012,........>

EURO SUMMARY
EURO SUMMARY: *Jan2 euro-dollar open $1.2012, range $1.2004 to $1.2023
*Euro opened in Asia toward the upper side of the $1.1917 to $1.2026 range
witnessed on Friday, where general US dollar weakness and year-end portfolio
rebalancing flows, underpinned the single currency
*The first day of trading for 2018 proved a low-key affair, euro traded sideways
in a narrow $1.2004 to $1.2023 range 
*Above Friday's $1.2026 high, resistance is located at $1.2033/36 (Sep20-11
highs), while initial support is found at $1.1993 (Hourly low Dec 29)
*European Manufacturing PMI's for December provides the event risks for the
session ahead.

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.