There isn’t much on the data docket to kick things off in the new week in European trading later. The dollar is trading more mixed on the day, with USD/JPY having earlier touched a low of 148.90 before holding around 149.15 currently – still down 0.2%. But commodity currencies are marginally lower against the greenback,
The major European indices are closing the day marginally higher: German Dax, +0.22% France CAC, +0.20% UK FTSE 100, +0.06% Spain’s Ibex, +0.34% Italy’s FTSE MIB, +0.68% Euro Stoxx, +0.30% For the trading week, Spain’s Ibex led the upside, while the UK FTSE 100 and Italy’s FTSE MIB closed lower for the week. : German
© Reuters. As US traders took a break for Thanksgiving today, the (DXY), a measure of the currency’s strength against a basket of other major currencies, dipped below the 104 mark. This movement suggests a potential weekly decline for the dollar. The quietness in the markets coincides with the annual holiday closure, which often leads
As European traders head home, the trading desks around the globe are being manned with skeleton staff until the Asian session begins. Looking ahead to Friday in the APEC session: New Zealand (NZD) at 4:45 PM ET Retail Sales q/q: Expected at -0.8% (Previous: -1.0%) Core Retail Sales q/q: Expected at -1.5% (Previous: -1.8%) Japan
Eurostoxx flat Germany DAX -0.1% France CAC 40 +0.3% UK FTSE -0.3% Spain IBEX +0.6% Italy FTSE MIB +0.1% It’s a more tentative one for equities with US futures also little changed and looking flattish now. But the dollar is not really taking much comfort in that as it sags lower to start the session
Closing changes on the day: Stoxx 600 +1.0% German DAX +0.8% UK FTSE 100 +1.2% French CAC +0.9% Italy MIB +0.8% Spain IBEX +1.0% On the week: Stoxx 600 +2.8% German DAX +4.5% UK FTSE 100 +1.9% French CAC +2.7% Italy MIB +2.7% Spain IBEX +4.1% This article was written by Adam Button at www.forexlive.com.
USDCAD The USDCAD is lower on the day, and in the process, fell below the 100-hour moving average in the early European session (blue line in the chart above currently at 1.37356). The subsequent fall to 1.3707 (reached in the morning North American session) so the price fall below the swing high from Wednesday and
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
A couple of European Central Bank superstars are on the speaker circuit on Friday, Lagarde and Nagel. 1230 GMT / 0730 US Eastern time: ‘Fireside chat’ between ECB President Christine Lagarde and Martin Wolf at Financial Times’ Global Boardroom 2023 in London, UK 1520 GMT / 1020 US Eastern time: Speech by Germany’s Bundesbank President
