DJIA28004.89
LIVE222.93(0.80%)
NDX8315.52
LIVE57.69(0.70%)

EUR/USD Finds Support Near 1.1400 on Mixed Data


Tuesday, 5 February 2019 19:03 WIB

EuroEUR/USD


c_740_198_16777215_00_images_assets_CURRENCY2_1-euro.jpg

After bottoming out in the vicinity of the 1.1400 mark, EUR/USD is now attempting to rebound following the mixed results from the EMU docket.

Spot has managed to stage a mild rebound after Services PMI in the euro bloc unexpectedly rose to 51.2 during the first month of the year (from 50.8). However, on the soft note, Retail Sales in the region contracted at a monthly 1.6% during December.

In the meantime, the persistent buying interest around the greenback continues to keep spot under pressure despite the prevailing mild risk-on sentiment in the global markets on speculations of further progress in the US-China trade talks.

Later in the day, the US ISM Non-manufacturing will grab all the attention seconded by the IBD/TIPP index and the API weekly report.

Source : FX Street


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.