The euro (EUR) found support against the US dollar (USD) at 1.3353 after Thursday’s European Central Bank (ECB) press conference. The Eurozone is still under the watchful eye of investors who see more risk emerging in the currency block than last month. The risks of Spanish and Italian bonds, amid political commotion, as well as the Cyprus’ debt and banking crisis seem to be causing jitters to investors in the single currency. Today’s Eurozone finance ministers meeting may clear the fog, although their track record does not make that a likely scenario.
The US dollar (USD) currently at 92.61 against the Japanese yen (JPY) looks set to complete a pennant formation within the day after correcting last month’s gains.
Gold (XAU) continues to move around 1667 as investors are still uneasy with riskier assets amidst negative news coming from the Eurozone
The GER30 (DAX), currently at 7651.80, increased momentum as it regains the ground it lost last week after weaker earnings releases.
|.||EURUSD||1.3455||SHORT @ 1.3455||44% of deals buy EUR|
|.||USDJPY||93.05||SHORT @ 93.05||52% of deals buy USD|
|.||GBPUSD||1.5765||LONG @ 1.5765||55% of deals buy GBP|
|.||AUDUSD||1.0285||SHORT @ 1.0285||69% of deals buy AUD|
|.||GOLD||1684.00||LONG @ 1661.00||78% of deals buy GOLD|
|.||OIL||96.50||SHORT @ 87.00||58% of deals buy OIL|
|.||EUR||07:45||French Industrial Production m/m||-0.3%|
|.||JPY||23:50||M2 Money Stock y/y||-2.6%|
Brent Crude (BRT) reached the highest level since May 2012 after climbing for a fourth week touching 118.76. The move comes as Iran flexes its muscles to the rest of the world and oil traders expect an oil supply squeeze.
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