Forex Magnum


EU Morning Report- Euro jumps on EU summit deal

Autore: Written by Markos Solomou for



The euro (EUR) rallied to 1.2627 from 1.2407 today against the US dollar following the EU summit. EU leaders agreed to spend 120 billion euro to stimulate growth and create new jobs. It was also agreed to emergency action to lower the borrowing costs of Italy and Spain stabilizing the bond markets without the need for the countries to adopt additional austerity measures. The leaders also decided that the European Stability Mechanism (ESM) would be able to lend directly to the banks without increasing a country’s budget deficit further improving sentiment in the market. But the euro may be under pressure after the initial euphoria from the summit fades and as investors are following on tomorrow’s Chinese manufacturing figures. Eurozone Consumer Price Index is due today.

The US dollar (USD) weakened against a basket of currencies on a lower demand for the safe haven currency. Versus the safe haven Japanese yen (JPY), the greenback fell to 79.13 from 79.68. Yesterday’s US jobs data showed the US job market is still recovering but all eyes will be on the US Non Farm Payrolls on July 6. Attention turns to the US Purchasing Managers’ Index as well as Consumer Sentiment Index due today.

The British pound (GBP) rose against the greenback to 1.5646 from 1.5484 following the positive progress of the EU summit. Economic data showed the UK Gross Domestic Product fell 0.2% during the first quarter of 2012. Attention shifts to the UK Financial Stability Report due at 09:30 GMT.

Oil edged lower to 77.27 dollars a barrel from 80.82 and today it bounced up to 79.97. Gold (XAU) slid to 1547.79 dollars an ounce from 1578.97 and against the euro it fell to 1247.65 from 1262.54. Silver (XAG) fell to 26.09 dollars an ounce from 27.14 and later climbed back to 26.98. Stay in tune throughout the day with foreign exchange bullets!


Pivot Preference1 Sentiment2
EURUSD 1.2525 LONG @ 1.2525 46% of deals buy EUR
USDJPY 79.45 SHORT @ 79.45 84% of deals buy USD
GBPUSD 1.5540 LONG @ 1.5540 53% of deals buy GBP
AUDUSD 1.0090 LONG @ 1.0090 56% of deals buy AUD
GOLD 1570.00 SHORT @ 1570.00 71% of deals buy GOLD
OIL 87.00 LONG @ 87.00 85% of deals buy OIL
1 data generated by Trading Central™, 2 data obtained from easy-forex Inside Viewer™
Currency Time (GMT) Event Forecast
EUR 09:00 Consumer Price Index 2.4%
USD 12:30 Purchasing Managers' Index 52.5
USD 12:30 Consumer Sentiment Index 74.1
FTSE 100 -0.56% S&P 500 -0.21% NIKKEI 1.62%
DAX -1.27% DJIA -0.20% HIS 2.15%
CAC -0.37% NASDAQ -0.90% CSI 300 1.17%
3 at the time of writing

Please note that forex trading (OTC trading) involves substantial risk of loss, and may not be suitable for everyone. The information provided is based on data generated by third party investment research providers. easy-forex® does not assume any liability as to the accuracy of such information. This information shall be used for reference only and it is not binding on easy-forex. This is not an advertisement or a recommendation by easy-forex in engaging / binding you in any forex transactions.



Sei un Analista Tecnico Indipendente Professionista del mercato FOREX? Registrati anche tu nella comunità ed elabora insieme a noi strategie automatiche di successo! Dettagli


Sai programmare in MQL o usare il MetaTrading? Registrati e contribuisci alla programmazione di trading system, script e indicatori per MetaTrader. Dettagli


Ti piace il Trading? Vieni in Trading Room a Cosenza, guarda le analisi tecniche real time dei nostri indicatori e decidi quando entrare nel mercato. Corsi base ed avanzati. Dettagli

Non esistono ancora Commenti per questa news.

Archivio News


1 2 3 4 5 > >>

EU Morning Report- RBA keeps rates unchanged

EU Morning Report - Key post-EU summit week

EU Morning Report- Euro jumps on EU summit deal

EU Morning Report- Euro higher ahead of EU summit

EU Morning Report- Focus turns to the EU summit

EU Morning Report - Focus on the EU summit

EU Morning Report - Greece vs. Germany for the Euro

EU Morning Report - Greece, BoE and FOMC move the markets

EU Morning Report - Eurozone stands by Greece

EU Morning Report - Greek election results positive

EU Morning Report- All eyes on the Greek election

EU Morning Report- Spain downgraded, focus on Italian bond auction

EU Morning Report- All eyes on US Retail Sales and PPI figures

EU Morning Report- Optimism following Spanish bailout fades

EU Morning Report - Spanish banks bailed out

EU Morning Report - Eurozone's master plan

EU Morning Report- Euro recovers, Aussie higher on jobs data

EU Morning Report- Focus shifts to the ECB monetary policy meeting

EU Morning Report- RBA cuts rates by 25 bps

EU Morning Report- Dollar dips as poor NFP fuels QE3

EU Morning Report - All eyes on NFP

EU Morning Report - Irish referendum in the spotlight

EU Morning Report - Single currency on free fall

EU Morning Report - Euro still on the offer

EU Morning Report - Euro's payback time?


1 2 3 4 5 > >>