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28 Jan 2014
Session recap: Risk returns; USD & GBP slightly higher
FXstreet.com (San Francisco) - The risk appetite returned slightly on Tuesday despite the US durable good orders decline in December. However, Richmond Fed manufacturing index and consumer confidence posted stronger than expected figures. EUR/USD remains pegged at 1.3650.
Stocks halted losses and rose again while the gold extended Monday's decline and closed close to the 1.250/oz area.
The EUR/USD declined for third day and after declining to 20-day MA at 1.3630, the pair found buying interest and it recovered to close the day at 1.3670. The USD/JPY advanced for second day and extended bounce from 101.75 and after a brief trip to 103.25, the pair closed at 103.00.
The GBP/USD closed almost flat on the day after posting high of 1.6625 and low of 1.6535. On Tuesday, Vodafone shareholders approved USD 130Bn Verizon deal, pointing to a GBPUSD demand needed to pay out investors. Pay attention to next days’ option expires.
Main headlines in the American session
US: Durable Good Orders (Dec) dropped 4.3%
US: S&P/Case-Shiller Home Price Indices up 13.7% in November
US: Consumer Confidence improves to 80.7 in January
Richmond Fed manufacturing index +12 vs +13 expected
S&P cuts Ukraine's credit rating to CCC+ from B-
Wall Street says enough and the pullback takes a pause
Stocks halted losses and rose again while the gold extended Monday's decline and closed close to the 1.250/oz area.
The EUR/USD declined for third day and after declining to 20-day MA at 1.3630, the pair found buying interest and it recovered to close the day at 1.3670. The USD/JPY advanced for second day and extended bounce from 101.75 and after a brief trip to 103.25, the pair closed at 103.00.
The GBP/USD closed almost flat on the day after posting high of 1.6625 and low of 1.6535. On Tuesday, Vodafone shareholders approved USD 130Bn Verizon deal, pointing to a GBPUSD demand needed to pay out investors. Pay attention to next days’ option expires.
Main headlines in the American session
US: Durable Good Orders (Dec) dropped 4.3%
US: S&P/Case-Shiller Home Price Indices up 13.7% in November
US: Consumer Confidence improves to 80.7 in January
Richmond Fed manufacturing index +12 vs +13 expected
S&P cuts Ukraine's credit rating to CCC+ from B-
Wall Street says enough and the pullback takes a pause