German ZEW economic sentiment rises from 10.4 to 12.8 points. This is a bit under 13.1 expected. Current Conditions follow the same pattern: a small rise from 76.4 to 77.3 points, below 78 expected. Industrial output misses expectations with a rise of 0.9% against 1.3% expected, but this is accompanied by an upwards revision. Year over [...]
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Brexit is almost here. The British government led by Prime Minister Theresa May now has the authority to trigger Article 50 of the Lisbon Treaty, notifying the European Union that Britain is leaving. The Brexit Bill was returned to the House of Commons with amendments from the House of Lords. These were related to sensitive issues: the [...]
The post GBP/USD falls as Brexit lands in May’s hands appeared first on Forex Crunch.
EUR/USD is trading at 1.0670 after reaching resistance at 1.0710. The attempt to break higher was rejected. While euro/dollar remains on high ground, some of the momentum is lost. Why? The moves to the upside were propelled by the European Central Bank. First came the press conference by Mario Draghi. He explained that the Bank removed the “using [...]
The post EUR/USD fails in breaking higher as ECB cools things down appeared first on Forex Crunch.
