With the exception of eurozone meetings, which continued in Europe, a quiet day for economic reports, with something bigger from each country will be Monday. Apart from all the news from the eurozone Summit, we should see a relatively quiet day of trading. The yen opened stronger today in the first hour of trading in Asia, despite reports from the BoJ, that monetary easing is on the horizon, the yen weakness in an upward trend 3 + year was. Since the first pop was calm and flat. Expect that similar movements for, London and New York with open discharge EUR on the basis of the results of the Spanish elections. Total, Monday should be the day-bound area.
You expect with a lack of news today and the likelihood that any solution to the problem of the pending fiscal cliff from Washington is virtually zero, that a dollar range bound. The only exception would be if positive news about the Greek bailout from Europe came, however, as the most positive derivation is already baked in the EUR/USD, no profits on the 1.3000 considered profit-taking opportunities will be most likely.
More uncertainty from the euro-zone has snapped upward trend of the euro last week. Pro-independence groups in Spain won regional elections spark uncertainty about the political climate in Spain and the possibility of the country a request for a financial rescue package to move. This, together with the current inability of the State and Government of the euro area on a practice some for Greece the euro again in a weak position has relative to the world's most important currencies. Economists world speculate that even if a Greek thing is made today, Spain still could the election results and uncertainty from to weaken the euro currency.
Considering the record today you will find low volatility, lack of news and weakening which should trend in the second half of last week for GBP in the lower pound drift and range remain bound. The weakness of the euro definitely affects GBP and there is little reason to change today. EUR/GBP has been bound area over the weekend, changing between. 8080 and. 8095, no change since the Asian session open.
In early trading on the Asian session, the yen showed strength against all major currencies against the weakening trend, which last week dominated trading. Much of the strength of the yen has however been blamed on technical oversold levels and profit taking, pointed out that the yen its slide this week could continue. BoJ Governor Masaaki Shirakawa reiterated his stance that monetary easing alone can not Japan's deflationary environment help, but many other members of the BoJ would the a weaker Yen made clear active Mr Shirakawa the term be followed once, as Governor ends next month.
You expect with a lack of news today and the likelihood that any solution to the problem of the pending fiscal cliff from Washington is virtually zero, that a dollar range bound. The only exception would be if positive news about the Greek bailout from Europe came, however, as the most positive derivation is already baked in the EUR/USD, no profits on the 1.3000 considered profit-taking opportunities will be most likely.
More uncertainty from the euro-zone has snapped upward trend of the euro last week. Pro-independence groups in Spain won regional elections spark uncertainty about the political climate in Spain and the possibility of the country a request for a financial rescue package to move. This, together with the current inability of the State and Government of the euro area on a practice some for Greece the euro again in a weak position has relative to the world's most important currencies. Economists world speculate that even if a Greek thing is made today, Spain still could the election results and uncertainty from to weaken the euro currency.
Considering the record today you will find low volatility, lack of news and weakening which should trend in the second half of last week for GBP in the lower pound drift and range remain bound. The weakness of the euro definitely affects GBP and there is little reason to change today. EUR/GBP has been bound area over the weekend, changing between. 8080 and. 8095, no change since the Asian session open.
In early trading on the Asian session, the yen showed strength against all major currencies against the weakening trend, which last week dominated trading. Much of the strength of the yen has however been blamed on technical oversold levels and profit taking, pointed out that the yen its slide this week could continue. BoJ Governor Masaaki Shirakawa reiterated his stance that monetary easing alone can not Japan's deflationary environment help, but many other members of the BoJ would the a weaker Yen made clear active Mr Shirakawa the term be followed once, as Governor ends next month.
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