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EUR Daily Review January 3, 2018

EUR Daily Review for January 3, 2018

EUR/USD: ‘Embrace The Strong EUR’ In 2018 Ahead Of Next Major Catalyst – ING

ING FX Strategy Research discusses the EUR outlook in 2018 and maintains a strong bullish bias on EUR/USD targeting a move towards 1.25.”Our message to investors in 2018 is to embrace the strong euro; the next major catalyst for a move higher will be when markets position for higher ECB deposit rats – and this story could see EUR/USD rallying

 

Euro Direction Unclear with Mixed Trading Bias

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

 

EUR/USD Rate Outlook Supported by Bullish RSI Behavior

EUR/USD may continue to exhibit a bullish behavior as the RSI appears to be pushing into overbought territory for the first time since the summer

 

FX Markets Start the New Year with Euro-Zone CPI, US NFP in Sight

The first few days of trading in 2018 are marked by a thinner economic calendar and normalizing liquidity conditions, leaving the door open for big

 

European Shares Start New Year With Losses

European stocks started the New Year in the red despite a mostly positive session in Asia after a survey of Chinese manufacturing beat forecasts and North Korean leader Kim Jong Un said he is open to talks with South Korea.

 

Eurozone Factory Growth At Record High

Eurozone manufacturing sector activity grew the most since the survey began in mid-1997, final data from IHS Markit showed Tuesday. The factory Purchasing Managers’ Index improved to 60.

 

CAC 40 Edges Lower As Euro Strengthens

French stocks opened lower in the first trading session of the New Year Tuesday as traders returned to their desks following a long holiday weekend. Encouraging manufacturing data from China as well as ebbing tensions on the Korean Peninsula failed to cheer investors.

 

European Shares Poised For Positive Start

European stocks look set to open higher on Tuesday after the Caixin index of Chinese manufacturing sector rose to a four-month high of 51.5 in December, confounding forecasts for a decline.

 

European Economics Preview: Eurozone Final Factory PMI Data Due

Factory Purchasing Managers’ survey from euro area and the UK are due on Tuesday, headlining a light day for the European economic news..

 

EUR/USD and GBP/USD Forecast January 3

The EUR/USD pair gapped higher at the open on Tuesday, slicing through the 1.20 level as traders have returned from the holidays. It looks as if the market i…

 

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