Are markets just a bit more cautious within the cautious optimism about the French elections? EUR/USD dipped under 1.07 as the week comes to an end. This is close to 100 pips below the high levels seen early in the week and a few dozens pips below levels seen earlier in the day. The last [...]
The post EUR/USD drops as final French polls continue showing a tight race appeared first on Forex Crunch.
Is the shooting in Paris already helping the experienced center-right candidate? Or is it too early to tell? A fresh poll from Opinionway shows Fillon with 21%, up 1% from yesterday. Melenchon from extreme left slips from 19% to 18%. There is no change at the top: centrist Emmanuel Macron leads with 23% and Le Pen is at 22%. [...]
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Brexit is taking its toll. The weak pound results in higher inflation and Brits are buying less. Retail sales drop by no less than 1.8%, much worse than 0.2% expected. A small upwards revision for February is worth only 0.3%. Year over year, sales are up 1.7% half the 3.4% rise expected. Excluding fuel, sales [...]
The post UK retail sales badly disappoint with ‘1.8% ‘ GBP falls appeared first on Forex Crunch.
EURUSD intra-day analysis EURUSD (1.0716): EURUSD rallied to a fresh three week high yesterday at 1.0777 before giving up the gains towards the close. The single currency fell closer to the evening after news outlets reported a terrorist attack in France, just ahead of Sunday’s French elections. From a technical stand point, the failure [...]
The post EURUSD, GBPUSD and EURCAD TA – April 21 2017 appeared first on Forex Crunch.
German manufacturing PMI remains super-strong at 58.2 points, slightly above expectations. However, the services sector sees a decline from 55.6 to 54.7 points, below expectations. EUR/USD is stable after the publication and up on the day. The focus remains on the all-important elections in France. Markit’s flash purchasing managers’ index for April was expected to show [...]
The post German PMIs mixed – EUR/USD remains bid appeared first on Forex Crunch.
