Euro makes big gains on risk sentiment

October 11, 2013

Risk appetite was up today on news from Washington DC which suggested that there is likely to be a six week extension to the debt ceiling deadline.

By October 17 the US government will reach its borrowing limit so it is important to avert a default by raising this limit. Investors are happy that there are signs of progress in the debt talks.

EURUSD is strong today, up 0.4% since yesterday’s close. Risk sentiment helped demand in the euro. However, the pair is still trading within its narrow range between  $1.3462 and $1.3646 in the last three week since the September 18th FOMC decision. Economic data had little effect, with German CPI showing no surprise at 1.4%y/y and flat 0.0% m/m.

Sterling fell after a weaker than expected construction output data.  GBPUSD is at $1.5970 into the US session and flat on the day.

USDJPY traded in a relatively tight range in the Asian and European session and is entering the US session close to where it closed yesterday at 98.17.

Publication source
FxNet information  FxNet reviews

October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016
Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016
EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...

OctaFX Rating
XM Rating
FIBO Group Rating
OANDA Rating
FXTM Rating
HYCM Rating

IQ Option Rating
OptionsXO Rating
Binary Brokerz Rating
Beeoptions Rating
Empire Option Rating
24option Rating