EUR/USD is holding up well ahead of the euro zone GDP data due in about 15 mins. The market had earlier today been expecting a result in the -0.5% q/q, -5.1% y/y area. Obviously the release of better than expected French and German data will have raised expectations. Gotta think the market will now be looking for a quarter on quarter number with a plus sign infront of it. Sources report sell orders up at 1.4280/90, with buy stops gathering just above there.
EUR/USD holding up ahead of EZ growth data; sell orders, stops noted
Source: www.forexlive.com
- Tags:
- All
Read more...
Weekly Forex Market Followup (January 30th – February 3rd 2012)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of January 30th through February 3rd The following table lists the key economic data and other events that came out during the week of January 30th through February 3rd, with release times displayed for the GMT time...
Daily Dividend Report: ALG, RPM, SSS, QCOM
Alamo Group Incorporated (ALG) maintained its quarterly dividend of 6 cents per share. The dividend is payable April 30, 2012, to shareholders...
FOREX-Dollar resumes downtrend; ECB, BoE eyed
By Jessica Mortimer LONDON, June 4 (Reuters) - The dollar weakened on Thursday, correcting some of its strong gains the previous session as European ... See all stories on this...
Euro punished heavily after non farm, eyeing the 1.3100 levels
By TraderVox.com The unemployment data from US came better than expected. The labor department announced that 227k jobs were added in the month...
Forex: Euro Weakens Versus Major Rivals After US Jobs Report
(RTTNews) - The euro saw some weakness versus other majors as traders turned to safer currency investments after data showed the U.S. unemployment rate surged to a new 26-year high above 10 percent. The euro moved slightly lower amid choppy trading against the dollar, trading near 1.4840. The...