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Day: October 16, 2016
October 162016
EUR/USD Closes Under Significant Level 1.10 — 2% Weekly Loss
EUR/USD closed on Friday at 1.0964, down about 2% on a weekly basis from 1.1196 at beginning of the week. There has been a downside pressure all week and a strong ZEW Economic Sentiment Index of 12.3 on Tuesday, with a 3-month continuous improvement, did not have any significant impact or short-term rally. It is important to note that a higher ZEW Economic sentiment shows positive expectations for the eurozone economy. On Friday, important […]
Read more
October 162016
EUR/USD Closes Under Significant Level 1.10 — 2% Weekly Loss
EUR/USD closed on Friday at 1.0964, down about 2% on a weekly basis from 1.1196 at beginning of the week. There has been a downside pressure all week and a strong ZEW Economic Sentiment Index of 12.3 on Tuesday, with a 3-month continuous improvement, did not have any significant impact or short-term rally. It is important to note that a higher ZEW Economic sentiment shows positive expectations for the eurozone economy. On Friday, important […]
Read more