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

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

XTB Rating
FxPro Rating
FOREX.com Rating
Trade360 Rating
Grand Capital Rating
Vantage FX Rating

Beeoptions Rating
Anyoption Rating
Empire Option Rating
Binary Brokerz Rating
Banc De Binary Rating
IQ Option Rating