Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Euro reaches 2-1/2 year maximums vs. Swissie
On Friday, the euro tacked on to two-and-a-half year maximums versus the Swiss franch because optimism over an ascending euro zone economy as well as the possible winding down of monetary stimulus soon kept backing the common currency.
The currency pair EUR/CHF reached 1.1372 during European morning trade, which is the pair’s best outcome since January 2015. Then the pair consolidated at 1.1368, earning 0.91%.
The common currency has been mostly underpinned in recent weeks, after ECB Governor Mario Draghi told in June that in the nearer future the bank could soon get down to tapering its stimulus program.
In Switzerland, reports unveiled that this month the KOF Economic Barometer tacked on to 106.8 from June’s outcome of 105.8, ruining hopes for a surge to 106.0.
The common currency was also higher versus the greenback, with EUR/USD gaining 0.29% being worth 1.1713, rebounding from Thursday’s two-and-a-half year maximum of 1.1777.
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
Happy Tuesday, dear traders! Every day brings new opportunities to trade! Let’s see what you need to know: Today’s events 07…
The central banks' meetings will highlight the week as well as the PPI release