On Monday, the EUR/USD pair slightly recovered from the 11-years low and on the thin trading day increased towards the 1.1640. However, during the Asian session the pair started to decrease and currently is moving around 1.1570. The price did not react much on the news from International Monetary Fund downgraded the global growth outlook. The market seems to wait for more relevant data which is coming today. At 10.00AM (GMT) the EU ZEW Economic Sentiment will be released. We should not forget, that the market will be more sensitive on negative data which would increase the probability of further QE. The movement is sideways. The support is found at 1.1450 and resistance is at 1.1650.
Today’s Main Events:
10.00 GMT: EUR – German ZEW Economic Sentiment – gauges the six-month economic outlook.
13.30 GMT: CAD –Manufacturing Sales – Change in the total value of sales made by manufacturers
January 20, 2015 – Daily Market News
On Monday, the EUR/USD pair slightly recovered from the 11-years low and on the thin trading day increased towards the 1.1640. However, during the Asian session the pair started to decrease and currently is moving around 1.1570. The price did not react much on the news from International Monetary Fund downgraded the global growth outlook. The market seems to wait for more relevant data which is coming today. At 10.00AM (GMT) the EU ZEW Economic Sentiment will be released. We should not forget, that the market will be more sensitive on negative data which would increase the probability of further QE. The movement is sideways. The support is found at 1.1450 and resistance is at 1.1650.
Today’s Main Events:
10.00 GMT: EUR – German ZEW Economic Sentiment – gauges the six-month economic outlook.
13.30 GMT: CAD –Manufacturing Sales – Change in the total value of sales made by manufacturers
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