Eur/Usd & Gbp/Yen analizy i prognozy by crocopip part 3
Currency Summaries
EUR/USD opened NY around 1.2700/05, once again a touch firmer than last night's NY close. having traded up to 1.2747 highs. The weekly claims data, a surprise 31k drop in US jobless claims to 473k (f/c 490/500k) gave the equity markets a lift, up about 0.5% at one point but subsequent action saw stocks slide. The more important Chicago Fed Mfg index jumped 2.2% to 81.4 s.a.and offset the weak July Kansas City Fed mfg index ( "0" vs 14 in June) EUR/USD rallied to fresh 1.2765 highs after the claims data and popped a few stops but failed to gain traction, the stock market slide weighed, and decent selling at he 11.00AM fix knocked it down to 1.2685 where it met steady bidding interest. Real money were sellers of Euro heading into the NY open and once again talk of Asian central bank sellers above 1.2725. .Despite US equities accelerating their fall into the close (-0.7/-1.1%) EUR/USD held in, closed by 1.2725. News that Spain may have "illegally" collected E5.1bn in VAT revenues in past years and may have to return it (later denied) also held the Euro back.
EUR/USD opened NY around 1.2700/05, once again a touch firmer than last night's NY close. having traded up to 1.2747 highs. The weekly claims data, a surprise 31k drop in US jobless claims to 473k (f/c 490/500k) gave the equity markets a lift, up about 0.5% at one point but subsequent action saw stocks slide. The more important Chicago Fed Mfg index jumped 2.2% to 81.4 s.a.and offset the weak July Kansas City Fed mfg index ( "0" vs 14 in June) EUR/USD rallied to fresh 1.2765 highs after the claims data and popped a few stops but failed to gain traction, the stock market slide weighed, and decent selling at he 11.00AM fix knocked it down to 1.2685 where it met steady bidding interest. Real money were sellers of Euro heading into the NY open and once again talk of Asian central bank sellers above 1.2725. .Despite US equities accelerating their fall into the close (-0.7/-1.1%) EUR/USD held in, closed by 1.2725. News that Spain may have "illegally" collected E5.1bn in VAT revenues in past years and may have to return it (later denied) also held the Euro back.
