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Day: January 12, 2018
January 122018
EUR/USD Rally Stopped by Good CPI Report
Having initially rallied on the Brexit deal news (event A on the chart), EUR/USD dipped on the US inflation and retail sales data, but returned to a slow uptrend afterwards. It looks like it is becoming difficult for the currency pair to continue its growth above the multi-year highs. US CPI increased by 0.1% in December following 0.4% growth in November. The rise was the same as the forecast value. However, core CPI (excluding food and energy […]
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January 122018
Euro Rallies Higher on German Coalition Talks Breakthrough
The euro today rallied higher against the US dollar after news emerged that Angela Merkel was finally on the verge of forming a coalition government. The euro extended yesterday’s rally, which was triggered by the hawkish European Central Bank minutes, as the German political headlines ended months of uncertainty. The EUR/USD currency pair gained over 100 points to rally from a low of 1.2039 to a high of 1.2149 in the early American session. The euro’s biggest […]
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