交易新闻
24 Apr 2015
Forex Top movers: Euro and British Pound up amid Eurogroup meeting
FXStreet (Tokyo) - European currencies are outperforming market on Friday with the Euro and the British pound as stars of the game with the Eurogroup meeting as the stage. EUR/USD jumped to test R1 at 1.0900 level; while the GBP/USD is trading above R2 at 1.5130.
Paul Donovan from UBS explained it very well in a recent report: "We have limed into the end of the week with no Greek exit from the Euro, no default, and no collapse in global growth. True there has not been a great deal of data of significance, but let us chalk this up as an economic win."
Eurogroup meeting at Riga
According to EU's Dijsselbloem, there is a great urgency to reach a deal with Greece as time is running out for deal. Despite that Varoufakis declined to comment to reports before the meeting, the notion is that Greece is determined to get a deal.
EUR/USD and GBP/USD at April's highs
The EUR/USD advanced 100 pips from 1.0785 in the European morning to break above 1.0845 and trade at highs since April 7th at 1.0900. EUR/USD is consolidating levels around the R1 at 1.0900 and it seems with enough steam to go until Ra at 1.0960.
This week, in an interview in the Live Analysis Room, author Tor Vollalokken commented that the EUR/USD could rise to 1.1700 and even 1.2000 with Greece deal and the Fed tightening.
GBP/USD is trading at highs since March 18 at 1.5140 after the pair climbed 100 pips from 1.5025 in the morning. The British Pound is now testing R2 at 1.5135.
Forex top movers - Upside
To the upside, the GBP/USD is the winner of the day with a 0.57% advance to 1.5135. The, the EUR/USD rises 0.56% so far today to 1.0880, and the AUD/USD also joins the situation and adds 0.50% gains to 0.7815.
Forex top movers - Downside
The Dollar is not only the loser of the day against its major competitors but also against minor dollars. USD/RUB declines 1.17% on the day to 50.21; while the USDNOK, 0.65% down to 7.778 and USDCZK, 0.46% drop to 25.19 led the bearish way.
Information about the Riga meeting:
Europgroup meeting: Press conference is scheduled at 10:30 GMT, roundtable at 11:30 GMT with final press conference for the Riga eurogroup meeting at 16:00 GMT.
Paul Donovan from UBS explained it very well in a recent report: "We have limed into the end of the week with no Greek exit from the Euro, no default, and no collapse in global growth. True there has not been a great deal of data of significance, but let us chalk this up as an economic win."
Eurogroup meeting at Riga
According to EU's Dijsselbloem, there is a great urgency to reach a deal with Greece as time is running out for deal. Despite that Varoufakis declined to comment to reports before the meeting, the notion is that Greece is determined to get a deal.
EUR/USD and GBP/USD at April's highs
The EUR/USD advanced 100 pips from 1.0785 in the European morning to break above 1.0845 and trade at highs since April 7th at 1.0900. EUR/USD is consolidating levels around the R1 at 1.0900 and it seems with enough steam to go until Ra at 1.0960.
This week, in an interview in the Live Analysis Room, author Tor Vollalokken commented that the EUR/USD could rise to 1.1700 and even 1.2000 with Greece deal and the Fed tightening.
GBP/USD is trading at highs since March 18 at 1.5140 after the pair climbed 100 pips from 1.5025 in the morning. The British Pound is now testing R2 at 1.5135.
Forex top movers - Upside
To the upside, the GBP/USD is the winner of the day with a 0.57% advance to 1.5135. The, the EUR/USD rises 0.56% so far today to 1.0880, and the AUD/USD also joins the situation and adds 0.50% gains to 0.7815.
Forex top movers - Downside
The Dollar is not only the loser of the day against its major competitors but also against minor dollars. USD/RUB declines 1.17% on the day to 50.21; while the USDNOK, 0.65% down to 7.778 and USDCZK, 0.46% drop to 25.19 led the bearish way.
Information about the Riga meeting:
Europgroup meeting: Press conference is scheduled at 10:30 GMT, roundtable at 11:30 GMT with final press conference for the Riga eurogroup meeting at 16:00 GMT.