Back

Europe smiles on better earnings reports

FXStreet (Edinburgh) - Corporate earnings reports above estimates pushed the European composite index to its second straight advance despite the main indices closing in negative ground. The FTSE100 posted strong gains, up more than 1% while the CAC40 and the IBEX35 retreated 0.14% and 0.11%, respectively. The single currency remains stuck around the 1.37 handle on Monday amidst the US inactivity and empty docket in Euroland.

In the commodities’ land, the ounce troy of the yellow metal is rallying more than 2%, extending gains beyond the $1,300 critical barrier. The barrel of crude WTI is advancing 0.55% near the $101.00 handle.

US markets are closed due to the President’s Day holiday.

Flash: EUR/USD – how high? – Rabobank

Jane Foley, analyst at Rabobank expected the EUR/USD to gradually move towards 1.2800 but noted that any sign that a pause in Fed tapering could be announced would limit the ability of the USD to win back ground from the EUR.
Leia mais Previous

GBP/JPY extending down to 176.20

GBP/JPY has tailed off from 171 into 170.20 territory.
Leia mais Next