FOREX TradingCharts.com
HOMECHARTS & QUOTESFOREX NEWSFOREX QUOTESLEARN FOREXFOREX BROKER LISTBOOKMARKFEEDBACK

Forex News: Euro Climbs Amid Risk Appetite On Trade Optimism,

Euro Climbs Amid Risk Appetite On Trade Optimism, China Data

01/21/2019 - 01:37:00 (RTTNews)

(RTTNews) - The euro strengthened against its major opponents in the Asian session on Monday, as Asian shares rose following the gains on Wall Street Friday amid optimism about U.S.-China trade talks as well as positive data from China.

China GDP data came in line with expectations in the fourth quarter, while industrial production and retail sales beat expectations in December, separate data showed.

Investors cheered US President Donald Trump's remarks that trade talks with China are progressing well.

Oil prices firmed as impressive China data suggested that the nation's economic slowdown is likely not as steep as expected.

Further underpinning oil prices were supply cuts led by the Organization of the Petroleum Exporting Countries.

The euro advanced to 1.1380 against the greenback, from a low of 1.1360 hit at 5:00 pm ET. On the upside, 1.15 is likely seen as the next resistance for the euro.

The single currency appreciated to a 4-day high of 0.8849 against the pound, after falling to 0.8816 at 5:00 pm ET. If the euro rises further, 0.90 is possibly seen as its next resistance level.

The euro edged up to 1.1327 against the franc and 124.82 against the yen, off its early lows of 1.1301 and 124.51, respectively. The euro is likely challenge resistance around 1.15 against the franc and 126.00 against the yen.

The common currency climbed to 4-day highs of 1.6938 against the kiwi and 1.5905 against the aussie, from its early lows of 1.6813 and 1.5846, respectively. The euro is likely to test resistance around 1.71 against the kiwi and 1.60 against the aussie.

Reversing from an early low of 1.5065 against the loonie, the euro rose to 1.5101. The euro is seen finding resistance around the 1.53 region.

U.S. markets will remain closed in observance of Martin Luther King Jr. Day.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Canadian Dollar Spikes Up As Oil Prices Rise Amid Ongoing U.S.-China Trade Talks (51 min(s), 10 sec(s) ago)
(RTTNews) - The Canadian dollar climbed against its major counterparts in the European session on ...Full Story»
Loonie Rises Following Canada Retail Sales (32 min(s), 50 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada has released Canada retail sales for December. ...Full Story»
Loonie Mixed Ahead Of Canada Retail Sales (35 min(s), 49 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada retail sales for December. ...Full Story»
Pound Weakens On Brexit Stalemate (47 min(s), 49 sec(s) ago)
(RTTNews) - The pound slipped against its major counterparts in the European session on Friday, as ...Full Story»
Euro Little Changed Following Eurozone Consumer Inflation (04 hr(s), 05 min(s), 50 sec(s) ago)
(RTTNews) - Following the release of Eurozone final consumer inflation for January at 5:00 am ET F ...Full Story»
Euro Mixed Ahead Of Eurozone Consumer Inflation (04 hr(s), 08 min(s), 49 sec(s) ago)
(RTTNews) - At 5:00 am ET Friday, Eurozone final consumer inflation for January is set for release ...Full Story»
Euro Little Changed After German Ifo Business Sentiment Index (04 hr(s), 56 min(s), 50 sec(s) ago)
(RTTNews) - German Ifo business sentiment index for February has been released at 4:00 am ET Frida ...Full Story»
NZ Dollar Falls After RBNZ Deputy Governor Hints At Rate Cut (06 hr(s), 29 min(s), 50 sec(s) ago)
(RTTNews) - The New Zealand dollar slipped against its major counterparts in the Asian session on ...Full Story»
Search

FOREX NEWS

Canadian Dollar Spikes Up As Oil Prices Rise Amid Ongoing U.S.-China Trade Talks

02/22/2019 - 09:59 AM (RTTNews)
(RTTNews) - The Canadian dollar climbed against its major counterparts in the European session on ...Full Story>>

Loonie Rises Following Canada Retail Sales

02/22/2019 - 08:35 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada has released Canada retail sales for December. ...Full Story>>

Loonie Mixed Ahead Of Canada Retail Sales

02/22/2019 - 08:30 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada retail sales for December. ...Full Story>>

Pound Weakens On Brexit Stalemate

02/22/2019 - 08:19 AM (RTTNews)
(RTTNews) - The pound slipped against its major counterparts in the European session on Friday, as ...Full Story>>

Euro Little Changed Following Eurozone Consumer Inflation

02/22/2019 - 05:02 AM (RTTNews)
(RTTNews) - Following the release of Eurozone final consumer inflation for January at 5:00 am ET F ...Full Story>>
USDCAD
Economic CalendarForex GlossaryForeign Exchange RatesForex Currency TradingForex ChartsPrivacy Policy Translate AdvertiseContact Us
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.