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Daily Financial Market News

Wed, 24 Jan 2018 09:11:33 Z

EUR/USD keeps rising, around mid-1.2300s after mixed EZ PMIs

EUR/USD keeps rising, around mid-1.2300s after mixed EZ PMIs Skip to main content Follow us on: | FXStreet Blog |    Newsletter MENU Show navigation FXStreet FXStreet - The forex market Home RATES & CHARTS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels New Technical Confluences EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News Latest News Institutional Research EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis Latest Analysis EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Cryptocurrencies New Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar Economic Calendar Interest Rates Market Hours Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Cryptos Live Video Latest Live Videos Shows Schedule Become Premium Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers Forex Brokers Broker News Broker Spreads Home RATES & CHARTS TOOLS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels Technical Confluences ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News LATEST FOREX NEWS Latest News Institutional Research LATEST NEWS BY ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis SECTIONS Latest Analysis EDITORIAL SELECTION EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Cryptocurrencies Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar TOOLS Economic Calendar Interest Rates Market Hours TOP EVENTS Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Cryptos Live Video SECTIONS Latest Live Videos Shows Schedule Become Premium MOST POPULAR COACHES Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers SECTIONS Forex Brokers Broker News Broker Spreads ; NEWS | 32 minutes ago EUR/USD keeps rising, around mid-1.2300s after mixed EZ PMIs By Haresh Menghani The greenback selling remains unabated through the early European session and pushed the EUR/USD pair to fresh 3-year highs, closer to mid-1.2300s. The pair built on its recent gains and continues to benefit from a broadly weaker USD. In fact, the key US Dollar Index sank farther below the 90.00 handle and has been one of the key factors behind the pair's strong up-move over the past five weeks.  The greenback selling intensified in the past over or so after the US Treasury secretary Steven Mnuchin, speaking on the sidelines of the World Economic Forum (WEF) in Davos, said that a weaker dollar is good for the US.  Meanwhile, the incoming EZ economic data has been reinforcing expectations of continued economic growth in the region and remained supportive of the strong bid tone surrounding the shared currency.  Today's slightly weaker than expected German/French and composite EZ flash manufacturing PMI prints, which to were largely negated by upbeat services PMIs, also did little to dampen the prevalent strong bullish sentiment.  Later during the NA session, the second-tier US economic data - flash PMIs (manufacturing and services) and existing home sales data, would now be looked upon for some fresh trading impetus. Technical levels to watch The ongoing momentum seems strong enough and is likely to get extended towards 1.2375 level en-route the 1.2400 handle. On the downside, immediate support is now pegged near 1.2320-15 area and is closely followed by the 1.2300 handle, below which the pair could correct further towards 1.2265-60 support area.   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. RELATED TOPICS EURUSD PMI DollarIndex LATEST NEWS Filter by topic in News Results EUR/USD keeps rising, around mid-1.2300s after mixed EZ PMIs FXStreet | 32 minutes ago Sources: Saudi Arabia to keep Q1 crude exports at around 7 mln bpd - RTRS FXStreet | 34 minutes ago European Monetary Union Markit Manufacturing PMI below forecasts (60.3) in January: Actual (59.6) FXStreet | 42 minutes ago   European Monetary Union Markit PMI Composite came in at 58.6, above forecasts (57.9) in January FXStreet | 43 minutes ago European Monetary Union Markit Services PMI came in at 57.6, above expectations (56.4) in January FXStreet | 43 minutes ago US Comm Sec. Ross: Recent trade action due to inappropriate behavior of trading partners FXStreet | 44 minutes ago   US Tsy Sec. Mnuchin: Weaker dollar is good for trade FXStreet | 49 minutes ago   GBP/USD clinches fresh tops near 1.4060 ahead of UK jobs FXStreet | 57 minutes ago Draghi’s speech: APP have not led to statistically significant EUR exchange rate movements FXStreet | 57 minutes ago   USD/CAD slips below 1.2400 handle FXStreet | 08:36 GMT Germany Markit Manufacturing PMI registered at 61.2, below expectations (63) in January FXStreet | 08:32 GMT Germany Markit Services PMI above expectations (55.6) in January: Actual (57) FXStreet | 08:32 GMT Germany Markit PMI Composite came in at 58.8, above expectations (58.6) in January FXStreet | 08:31 GMT   UK: Less noise helping the ‘trashy’ pound clean up its act; wage data today - ING FXStreet | 08:06 GMT Eurozone PMIs and UK employment in focus today – Rabobank FXStreet | 08:03 GMT France Markit Services PMI came in at 59.3, above forecasts (58.9) in January FXStreet | 08:01 GMT France Markit Manufacturing PMI below forecasts (58.7) in December: Actual (58.1) FXStreet | 08:01 GMT   France Markit PMI Composite came in at 59.7, above forecasts (59.4) in January FXStreet | 08:01 GMT South Africa Consumer Price Index (MoM) meets forecasts (0.5%) in December FXStreet | 08:01 GMT South Africa Consumer Price Index (YoY) meets forecasts (4.7%) in December FXStreet | 08:01 GMT Load More content ... ©2018 "FXStreet" All Rights Reserved FXStreet Blog Site Map Terms and conditions Contact us Advertise with us Languages Edition Spanish Italian Indonesian Portuguese Japanese Traditional Chinese Simplified Chinese Russian French Arabic Deutsch Hungarian Turkish Vietnamese Catalan Korean Disclaimer Note: All information on this page is subject to change. 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