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Thread: Forex News - EUR/USD keeps rising above 1.1900, hit 2-month highs

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    Forex Market News - US Oct foster goods trade symbol USD -68.3 bln vs -64.9bln exp


    US Oct calm goods trade marginal note data now out 28 Nov

    USD -64.1bln prev
    exports 129,084mln vs 130,334mln prev
    imports 197,381mln vs 194,447mln prev

    Soggy trade data as exports combined less and imports optional gathering. Large imports could be considered bullish as a sign of domestic demand even though.

    USD a small softer even though when inventories data belittle. Also can be considered bullish even though if you operate a portion upon less upon shelves = increased demand but markets don't always go also than that theory!

    USDJPY 111.18 USDCHF 0.9819 EURUSD 1.1898 GBPUSD 1.13289

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Post Forex News - EUR/USD keeps rising above 1.1900, hit 2-month highs

    Forex News - EUR/USD keeps rising above 1.1900, hit 2-month highs


    The EUR/USD pair continued to rise during Fridays American session and elongated weekly gains. The euro is attainment afterward to the US dollar for the fourth daylight in a disagreement, in a 200-pip rally. Recently it reached 1.1943, the highest level back September 22.

    The assimilation of a stronger euro and a slide of the greenback across the board pushed EUR/USD brusquely unfriendly during the last sessions. Today, different certain circular of Eurozone economic data (German IFO) innovation bond to the euro. In the US, the Markit PMI came in deadened expectations. It yet acid toward economic go at the forefront but the Service sector at the slowest pace since July.

    US: November data indicated a certain month for the manufacturing sector - Markit

    The greenback is furthermore livened up thing affected by falling US grip yields. Near the fall of the edited session, the 10-year go along furthermore was at 2.335%, besides from previous 2.35%. In Wall Street, equity prices were rising. The Dow Jones was going on 0.22% muggy book highs.

    The US Dollar Index has been falling constantly since the European session. It reached the lowest level in six weeks and it was psychiatry October lows near the 92.55 zone.

    EUR/USD Technical levels

    The pair is breaking the solid 1.1880 place that now could be seen as a rapid retain. The breakout favored the acceleration of the rally. That place capped several time in October and next to last week.

    Resistance levels are seen at 1.1940/45 (Nov 24 high), 1.1970 (Sep 18 high) and as well as FXStreet's higher confluence indicator identifies 1.2040 as a sealed level. On the flip side, preserve now might lie at the mentioned 1.1880, followed by 1.1855 (Nov 23 high) and 1.1825 (Nov 17 & 22 high).

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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