
USD/CHF and EUR/CHF rose to tactical highs. What's next?
On Friday, the common currency managed to gain steeply after the EU leaders came to an agreement on a number of immigration issues.
The leaders of the EU nations came to an agreement on the migration downtime after the summit in Brussels. That’s what Donald Tusk, the chairman of the European Council posted on Twitter.
As it’s specified, Xavier Bettel, the Prime Minister of Luxembourg also posted on Twitter that the EU chiefs came to a compromise on crucial immigration issues.
Previously, Italy had blocked the final document of that summit blocked because this country insisted on greater coordination of migration issues. Giuseppe Conte, the Prime Minister of Italy told that the responsibility for every refugee needs to be taken by the entire community, and not by the European country to which the migrant initially came. Moreover, it was offered to roll out special quotas for the reception of migrants for the EU members. Those EU members who refuse from such quotas are going to face diminished targeted funding from the common budget. By the way, Italy’s initiative has been already backed by France and Spain.
The Japanese yen showed a minor reaction to upbeat data from the labor market as well as inflation figures in the Tokyo region.
As the Bureau of Statistics of Japan states, in June, the consumer price index in Tokyo, rallied by 0.6% year on year having soared by 0.4% in May. Market experts had hoped for a 0.5% soar. Excluding fresh food prices, the Tokyo consumer price index managed to ascend by 0.7% having leapt by 0.5% earlier. However, market experts had predicted a 0.6% jump. Simultaneously, the consumer price index without energy and good prices rallied by 0.4%. That’s higher than the previous reading of 0.2% as well as the prediction of market experts of 0.3%.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.