EUR/USD - Despite the raft of US data due on the docket, in Europe there plenty to keep traders entertained
Chris Weston
Pepperstone
EUR/USD - Despite the raft of US data due on the docket, in Europe there plenty to keep traders entertained. In early trade we get the revised services data from Italy, Spain and Germany, while a little later at 21:00 (AEST) we get the latest GDP read (expected to print 0.1% on the quarter), with retail sales also due. The pair is finding good supply at 1.3627 (the 61.8% retracement of the October to November sell-off) and momentum based traders will be keen to add to longs on a daily close above this level.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
How to choose excellent fund managers
Livewire Markets
Macro
The RBA should warn that it could raise rates again
Coolabah Capital