FOREX TradingCharts.com

Forex News: Euro Climbs Amid Risk Appetite

Euro Climbs Amid Risk Appetite

01/29/2018 - 05:19:00 (RTTNews)

(RTTNews) - The euro firmed against its most major counterparts in early European deals on Monday, with strong corporate earnings, signs of improving economic growth and U.S. President Donald Trump's apparently more positive tone on international trade underpinning sentiment.

Janet L. Yellen will preside over her final meeting as Federal Reserve chairwoman on Tuesday and Wednesday, while Bank of England Governor Mark Carney will speak before the U.K. Parliament's Economic Affairs Committee in London on Tuesday.

Investors also await the closely-watched U.S. jobs report, Chinese manufacturing and services sector data and President Trump's first State of the Union address for further direction.

Oil held firm as investors continued to focus on the OPEC-led production cuts and the tenth straight week of U.S. crude oil inventory drawdowns.

Preliminary data from the statistical office Destatis showed that German import price inflation slowed to lowest in over a year in December, though prices rose during the whole year 2017, erasing the decline seen in the previous year.

The import price index climbed 1.1 percent year-on-year, which was sharply slower than the 2.7 percent increase in November. The latest gain was the smallest since November 2016, when import prices rose just 0.3 percent.

The currency showed mixed trading in the Asian session. While it rose against the yen and the franc, it held steady against the pound. Against the greenback, it dropped.

The euro recovered to 135.34 against the yen and 1.1637 against the franc, from its early low of 134.83 and a session's low of 1.1588, respectively. The euro is seen finding resistance around 137.00 against the yen and 1.18 against the franc.

The euro edged up to 1.5361 against the aussie, 1.6948 against the kiwi and 1.5331 against the loonie, off its early lows of 1.5306 and 1.6874, and a 4-day low of 1.5289, respectively. The next possible resistance for the euro is seen around 1.72 against the kiwi and 1.55 against both the aussie and the loonie.

The single currency hit a 6-day high of 0.8794 versus the pound, after having dropped to 0.8772 at 9:00 pm ET. On the upside, 137.00 is possibly seen as the next resistance level for the euro.

On the flip side, the euro stayed weak against the greenback with the pair trading at 1.2396. The pair closed Friday's deals at 1.2429.

Looking ahead, U.S. personal income and spending data for December and Dallas Fed manufacturing activity for January are set for release in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Canadian Dollar Advances Against Most Majors (12 hr(s), 44 min(s), 19 sec(s) ago)
(RTTNews) - Reversing direction, the Canadian dollar climbed against most major counterparts in th ...Full Story»

Pound Climbs Amid Risk Appetite (14 hr(s), 23 min(s), 19 sec(s) ago)
(RTTNews) - The pound firmed against its major counterparts in the early European session on Monda ...Full Story»

Franc Little Changed After Swiss CPI (16 hr(s), 14 min(s), 18 sec(s) ago)
(RTTNews) - At 3:15 am ET Monday, the Federal Statistical Office has released Swiss consumer price ...Full Story»

Franc Mixed Ahead Of Swiss CPI (16 hr(s), 23 min(s), 18 sec(s) ago)
(RTTNews) - At 3:15 am ET Monday, the Federal Statistical Office releases Swiss consumer price dat ...Full Story»

Dollar Inching Higher As Weekend Draws Near (04 hr(s), 44 min(s), 19 sec(s) ago)
(RTTNews) - The dollar has recovered from its early weakness against its major European rivals Fri ...Full Story»

Loonie Extends Decline After Disappointing Canadian Jobs Data (09 hr(s), 35 min(s), 18 sec(s) ago)
(RTTNews) - The Canadian dollar continued to be lower against its major counterparts in European t ...Full Story»

Loonie Drops Further After Canada Jobs Data (11 hr(s), 02 min(s), 19 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Canada jobs data for January has been released. After the data, ...Full Story»

Loonie Falls Ahead Of Canada Jobs Data (11 hr(s), 08 min(s), 18 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Canada jobs data for January is due. Ahead of the data, the loon ...Full Story»

Search

FOREX NEWS

Canadian Dollar Advances Against Most Majors

02/12/2018 - 06:53 AM (RTTNews)
(RTTNews) - Reversing direction, the Canadian dollar climbed against most major counterparts in th ...Full Story>>

Pound Climbs Amid Risk Appetite

02/12/2018 - 05:12 AM (RTTNews)
(RTTNews) - The pound firmed against its major counterparts in the early European session on Monda ...Full Story>>

Franc Little Changed After Swiss CPI

02/12/2018 - 03:21 AM (RTTNews)
(RTTNews) - At 3:15 am ET Monday, the Federal Statistical Office has released Swiss consumer price ...Full Story>>

Franc Mixed Ahead Of Swiss CPI

02/12/2018 - 03:13 AM (RTTNews)
(RTTNews) - At 3:15 am ET Monday, the Federal Statistical Office releases Swiss consumer price dat ...Full Story>>

Dollar Inching Higher As Weekend Draws Near

02/09/2018 - 14:53 PM (RTTNews)
(RTTNews) - The dollar has recovered from its early weakness against its major European rivals Fri ...Full Story>>

Binary Options Articles Courtesy of NADEX

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.