The market is opening European trading in a more upbeat attitude, as the recent rally in stocks has prompted more risk-on trading in FX, with commodities currencies pulling marginally ahead on the day. The previous smaller ranges are continuing to…
Continue ReadingIn the second half of the week, EUR/USD trades in a tight range around 1.1760/70, with bullish momentum expected to continue. On Thursday, the EUR/USD remains moderately offered at 1.1760. The focus of investors has now shifted to the Jackson Hole event. The ECB's Accounts for the most recent meeting will be released. EUR/USD looks to the ECB, Wyoming On…
Continue ReadingThe EUR/USD currency pair has dropped 0.2% to a low of 1.1808. There isn't much else going on in the market right now as we count down to the announcement of US non-farm payrolls at 1230 GMT. The euro is…
Continue ReadingKiwi maintains advances, risk appetite remains lukewarm For the most part, it was a quiet session with eurozone services. PMI numbers are primarily reaffirming the region's more robust recovery in the heart of summer, while rising cost inflation may still…
Continue ReadingThe New Zealand dollar rises on the back of a strong employment report. The New Zealand dollar gained ground throughout the session, owing to a significant decline in the unemployment rate revealed in the most recent employment data (see bullets…
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