FXstreet.com (Barcelona) - The EUR/USD upside threw the pair from 1.3100 support to 1.3060 high during the European session. At the moment of writing, the cross is quoting around 1.3050.
The €11 bln in bonds sold by the Italian government at yields of 1.969% (versus 3.251% previously) for 6-month bills and 2.221% for 1-year paper, encouraged the FX market to stay on with risk sentiment.
Also in the European morning, IMF Lagarde stated her concerns on Eurozone’s next moves, ECB’s Paramo pointed to Spain’s banking problems, and George Soros advised European authorities to show markets their power and control.
FX Market Report analysts point to resistance at 1.3185, and support at 1.3025‐30 and 1.2945‐50.
The €11 bln in bonds sold by the Italian government at yields of 1.969% (versus 3.251% previously) for 6-month bills and 2.221% for 1-year paper, encouraged the FX market to stay on with risk sentiment.
Also in the European morning, IMF Lagarde stated her concerns on Eurozone’s next moves, ECB’s Paramo pointed to Spain’s banking problems, and George Soros advised European authorities to show markets their power and control.
FX Market Report analysts point to resistance at 1.3185, and support at 1.3025‐30 and 1.2945‐50.
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