Euro Struggles to Match Volatility Over Markit Manufacturing and Services Data

Support: +44 (0) 203 301 0483 | support@financialspreads.com
Financial Spreads: Spread Betting and CFD Trading


Forex Trading

: 25 April 2014

The euro has been sitting at around the same level for a couple of weeks now.

Resistance is seen at $1.3860 and support at $1.3790.

Despite the anticipated market move on Thursday following comments from Mario Draghi, the euro/dollar currency pair is still sitting right in the middle of the range.

The market closed just ten points higher at $1.3830.



Forex Trading

: 24 April 2014

Despite some excitement on Wednesday morning following the Eurozone's Markit manufacturing and services data, the euro remains relatively unchanged against the dollar.

However, the to-ing and fro-ing of the morning session provided plenty of opportunities for traders to take advantage and the euro ultimately closed up 12 points at $1.3819.

All eyes will be on Mario Draghi today for clues on the future of European fiscal policy.



Forex Trading

: 23 April 2014

Volatility was low once again on Tuesday as CFD traders await comments from Mario Draghi on Thursday.

The pair played around with the $1.38 level throughout the day but ended the session 20 points higher at $1.3809.



Forex Trading

: 22 April 2014

In an understandably low volatility session for the euro, the only macro economic news to influence the EUR/USD pair was the better than expected Leading Indicators index, which showed the US economy in ruder health than previously thought.

This saw the currency pair fall, although it was a fairly small move of just 20 points to $1.3792.


By Jonathan Sudaria, 25 April 2014


Contact Customer Support

+44 (0) 203 301 0483
support@financialspreads.com

Also see:
73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread betting & CFDs trading are complex instruments & come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading these products with this provider. You should consider whether you understand how these products work & whether you can afford to take the high risk of losing your money. Click here to see the risk warning notice.