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24 Feb 2014
Session Recap: Markets in search of direction
FXStreet (Córdoba) - Quiet start for the trading week, with the USD trading mixed against major rivals and stocks also mixed in Asia and Europe. Markets seem to be in search of a direction with little reaction to the G20 meeting at the weekend.
The EUR/USD failed to break above 1.3770 and reversed intraday gains despite strong German IFO data. The GBP/USD is nearly flat around 1.6640 after pulling back from 1.6678, The USD/JPY bounced from 102.15 and erased losses during the European session as it did the AUD/USD that trades around 0.8990 on better sentiment.
During the NY session watch for the Dallas Fed manufacturing survey.
Main Headlines in Europe:
What’s the sentiment around the EUR/USD today? – Westpac and Danske Bank
Germany: IFO – Business Climate climbs to 111.3 in February
Ukraine ousts Yanukovych, faces tough economic times
EMU: Annual CPI rises 0.8% in January
ECB's Visco suggests negative rates to be discussed at March meeting
Commodities: industrial metals decline on prospect of reduced Chinese demand
The EUR/USD failed to break above 1.3770 and reversed intraday gains despite strong German IFO data. The GBP/USD is nearly flat around 1.6640 after pulling back from 1.6678, The USD/JPY bounced from 102.15 and erased losses during the European session as it did the AUD/USD that trades around 0.8990 on better sentiment.
During the NY session watch for the Dallas Fed manufacturing survey.
Main Headlines in Europe:
What’s the sentiment around the EUR/USD today? – Westpac and Danske Bank
Germany: IFO – Business Climate climbs to 111.3 in February
Ukraine ousts Yanukovych, faces tough economic times
EMU: Annual CPI rises 0.8% in January
ECB's Visco suggests negative rates to be discussed at March meeting
Commodities: industrial metals decline on prospect of reduced Chinese demand