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16 May 2014
Session Recap: USD a tad higher in uneventful trade
FXStreet (Córdoba) - A pretty quiet European morning has seen majors consolidating in familiar ranges, with the dollar strengthening a tad versus the euro and the pound.
Having spent most of the day within a narrow range, the EUR/USD is facing some bearish pressure and has dropped back below 1.3700. The GBP/USD is nearly flat at the 1.6790, having failed to hold gains above 1.6800.
On the other side of the board, the USD/JPY remains near recent lows at the 101.40 area, while the AUD/USD advances slightly to trade at 0.9360.
In the Eurozone stocks are trading mostly in red, extending losses into a third session, amid concerns about Ukraine, while in the US futures point to a lower opening following last days’ selloff, weighed by disappointing earning reports.
During the New York session, watch for Apr housing starts and the Reuters/Michigan consumer confidence index.
Main Headlines in Europe:
US calendar takes centre stage on Friday – Danske Bank
Asia EM Express: Sensex, rupee soar as early election results in India point to BJP victory
European Monetary Union Trade Balance s.a. below forecasts (€17.3B) in March: Actual (€15.2B)
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
PBoC issues set of rules on interbank lending
European indices in red, Ukraine weighs
Having spent most of the day within a narrow range, the EUR/USD is facing some bearish pressure and has dropped back below 1.3700. The GBP/USD is nearly flat at the 1.6790, having failed to hold gains above 1.6800.
On the other side of the board, the USD/JPY remains near recent lows at the 101.40 area, while the AUD/USD advances slightly to trade at 0.9360.
In the Eurozone stocks are trading mostly in red, extending losses into a third session, amid concerns about Ukraine, while in the US futures point to a lower opening following last days’ selloff, weighed by disappointing earning reports.
During the New York session, watch for Apr housing starts and the Reuters/Michigan consumer confidence index.
Main Headlines in Europe:
US calendar takes centre stage on Friday – Danske Bank
Asia EM Express: Sensex, rupee soar as early election results in India point to BJP victory
European Monetary Union Trade Balance s.a. below forecasts (€17.3B) in March: Actual (€15.2B)
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
PBoC issues set of rules on interbank lending
European indices in red, Ukraine weighs