forex forum binary options trade - Forex - ForexLive European FX news wrap: Dollar steady amid tentative market mood
  • Welcome to forex forum binary options trade. Please login or sign up.

ForexLive European FX news wrap: Dollar steady amid tentative market mood

Started by forex4you, Jan 29, 2023, 03:02 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.


ForexLive European FX news wrap: Dollar steady amid tentative market mood

<p>Headlines:</p><ul><li><a href="">It's been a choppy week for the dollar, what are the key levels to watch?</a></li><li><a href="">Equities keep more tentative on the session</a></li><li><a href="">10-year JGB yields just a touch away from the 0.50% BOJ ceiling</a></li><li><a href="">France January consumer confidence 80 vs 83 expected</a></li><li><a href="">Spain Q4 preliminary GDP +0.2% vs +0.1% q/q expected</a></li><li><a href="">Eurozone December M3 money supply +4.1% vs +4.6% y/y expected</a></li></ul><p>Markets:</p><ul><li>JPY leads, GBP lags on the day</li><li>European equities little changed; S&P 500 futures down 0.3%</li><li>US 10-year yields up 5 bps to 3.551%</li><li>Gold flat at $1,928.30</li><li>WTI crude up 1.5% to $82.19</li><li>Bitcoin down 0.6% to $22,927</li></ul><p style="" class="text-align-justify">It was another quiet session in Europe, with not much in terms of data and headlines to really impact markets. The 1-week implied volatility among major currencies show that <a href="" target="_blank" rel="follow">all eyes are on next week's central bank bonanza</a>, so that best explains the lack of appetite in trading over the past few days.</p><p style="" class="text-align-justify">The dollar is steady but mostly little changed with USD/JPY keeping just under 130.00, hovering around 129.70-90 for the most part during the session. EUR/USD is also keeping just a touch lower, down 0.2% to 1.0870 but holding within a 35 pips range for the day.</p><p style="" class="text-align-justify">The pound is the laggard but not by much, with GBP/USD down 0.4% to 1.2360 as the rejection of the December highs of 1.2443-46 continues to play out on the week.</p><p style="" class="text-align-justify">Meanwhile, commodity currencies are little changed with AUD/USD holding below its August highs of 0.7125-36 and NZD/USD finding it tough still to get above 0.6500.</p><p style="" class="text-align-justify">Elsewhere, equities are tentative with European indices being little changed while US futures are lower. We'll see if there will be another strong dip buying momentum in US trading later, with US PCE data also one to watch before the weekend.</p>

                This article was written by Justin Low at

Source: ForexLive European FX news wrap: Dollar steady amid tentative market mood
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex. Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders  Affiliate programs  Forex4you Affiliate programs