The euro (EUR) recorded gains against most of its major counterparts as comments by the European Central Bank (ECB) President Draghi boosted the single currency. He was particularly firm, saying that the single currency is irreversible and that the ECB will do whatever it takes to preserve the euro. This comes one day after European Central Bank (ECB) member Nowotny, shared his insight that there are arguments in favor of giving the European Stability Mechanism (ESM) a banking license. Versus the US dollar (USD), the single currency rose to 1.2277 from 1.2137.
The US dollar (USD) produced losses versus a basket of currencies as Core Durable Goods Orders disappointed while Unemployment Claims were slightly improved. The highlight today is the 2nd quarter advance GDP release due at 12:30 GMT. Versus the Canadian dollar (CAD), the US dollar dropped to 1.0100 from 1.0158.
The Australian dollar (AUD) advanced to 1.0392 and advanced to 1.0301 versus the US dollar. The British pound (GBP) soared up a staggering 200-pips, from 1.5482 to 1.5682 against the greenback, as the pair recovers after the lower than expected a 2nd quarter GDP figure.
Oil prices rose to 88.82 from 88.41 dollars a barrel. Gold (XAU) jumped to 1613.09 from 1602.75 US dollars an ounce. Against the euro, gold dropped to 1315.55 from 1319.59 euro an ounce. Silver (XAG) moved up to 27.4231 from 27.3025 dollars an ounce. Stay in tune throughout the day with foreign exchange bullets!
Please note that forex trading (OTC trading) involves substantial risk of loss, and may not be suitable for everyone. The information provided is based on data generated by third party investment research providers. easy-forex® does not assume any liability as to the accuracy of such information. This information shall be used for reference only and it is not binding on easy-forex. This is not an advertisement or a recommendation by easy-forex in engaging / binding you in any forex transactions.
Forex trading involves substantial risk of loss, and may not be suitable for everyone.
“Euro is irreversible”
The euro (EUR) recorded gains against most
of its major counterparts as comments by the European Central Bank (ECB)
President Draghi boosted the single currency. He was particularly firm, saying
that the single currency is irreversible and that the ECB will do whatever it
takes to preserve the euro. This comes one day after European Central Bank
(ECB) member Nowotny, shared his insight that there are arguments in favor of
giving the European Stability Mechanism (ESM) a banking license. Versus the US dollar (USD), the single currency rose
to 1.2277 from 1.2137.
The US dollar (USD) produced losses versus
a basket of currencies as Core Durable Goods Orders disappointed while
Unemployment Claims were slightly improved. The highlight today is the 2nd
quarter advance GDP release due at 12:30 GMT. Versus the Canadian dollar (CAD), the US dollar dropped to 1.0100 from 1.0158.
The Australian dollar (AUD)
advanced to 1.0392 and advanced to 1.0301 versus the US dollar. The British pound (GBP) soared up a
staggering 200-pips, from 1.5482 to 1.5682 against the greenback, as the pair
recovers after the lower than expected a 2nd quarter GDP figure.
Oil prices rose to 88.82 from 88.41 dollars a barrel. Gold (XAU) jumped to 1613.09 from 1602.75
US dollars an ounce. Against the euro,
gold dropped to 1315.55 from 1319.59 euro an ounce. Silver (XAG) moved up to 27.4231 from 27.3025 dollars an ounce. Stay in tune throughout the day with foreign exchange bullets!
OUTLOOK ◘
Pivot
Preference1
Sentiment2
EURUSD
1.2215
LONG @ 1.2215
§ 49% of deals buy EUR
USDJPY
78.45
SHORT @ 78.35
§ 88% of deals buy USD
GBPUSD
1.5550
SHORT @ 1.5540
§ 42% of deals buy GBP
AUDUSD
1.0300
LONG @ 1.0300
§ 37% of deals buy AUD
GOLD
1608
LONG @ 1608
§ 43% of deals buy GOLD
OIL
89.00
LONG @ 89.00
§ 64% of deals buy OIL
access extensive market analysis 1data generated by Trading Central™, 2data obtained from easy-forex Inside Viewer™
CALENDAR ◘
Currency
Time (GMT)
Event
Forecast
USD
12:30
2nd
quarter Gross Domestic Product (GDP)
1.5%
USD
13:55
Michigan
Sentiment Preliminary in July
72
EQUITIES ◘
EUROPE
US
ASIA3
FTSE 100
1.36%
▲
S&P 500
1.65%
▲
NIKKEI
1.02%
▲
DAX
2.75%
▲
DJIA
1.67%
▲
HIS
1.78%
▲
CAC 40
4.07%
▲
NASDAQ
1.37%
▲
CSI 300
-0.03%
▼
3at the time of writing
Please note that forex trading (OTC trading)
involves substantial risk of loss, and may not be suitable for everyone. The
information provided is based on data generated by third party investment
research providers. easy-forex® does not assume any liability as to
the accuracy of such information. This information shall be used for reference
only and it is not binding on easy-forex. This is not an advertisement or a
recommendation by easy-forex in engaging / binding you in any forex
transactions.
Forex trading involves substantial risk of loss, and may not be suitable for everyone.
Click here to visit Easy-Forex.com
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