This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
USD Hanging Out Near Highs
The US dollar is in the green again today though the index, which is down off the recent 97.48 highs, is currently capped by the 97.42 resistance. With a lack of any key US data this week, flows are likely to remain light. However, the pullback in equities should keep USD supported if it deepens over the week.
Euro Lower Again
EURUSD has been a little lower again today as the USD rally over recent days keeps sentiment bearish for EUR. At the upcoming ECB meeting this week, the market is expecting broadly the same message as the December meeting with Lagarde highlighting that an economic rebound is still projected, though the bank will remain cautious in monitoring data and developments. EURUSD trades 1.1087.
GBP Higher on Better Data
GBPUSD has been a little higher today with the pair trading back above the 1.3014 level. This morning, the UK average earnings index 3m/y was seen h...
To keep reading this article, please navigate to: Orbex Forex Trading Blog.