Trading Conditions
Products
Tools
The movement of the euro and the British pound is becoming increasingly sensitive to geopolitical factors, such as Italian budget issues and Brexit negotiations, they have a more noticeable effect every day.
The euro began a week of growth against the backdrop of a statement by the Italian Prime Minister that the government is ready to sit at the negotiating table with EU representatives. At the same time, there was an increase in demand for Italian debt after a sharp sell-off in recent weeks. This year, the euro has often fallen when Italy's government bond yields rose.
The single currency rose 0.3 percent to $ 1.1550, departing from the recent lows of $ 1.1433. The euro also added 0.2 percent against the Swiss franc and against the pound. However, despite the vigorous start of the week, there is no certainty that the course will rise. The fate of the euro is still dominated by the Italian events.
Equity markets are largely in positive territory amid expectations of tax cuts in China next year, this news launched a rally, first in Asian markets, and then in Europe. This helped ease geopolitical tensions between the West and Saudi Arabia over the murder of a prominent journalist and distract from the problems of Britain and the EU. Foreign exchange markets were mostly calm, although a more positive news background at the beginning of the week caused bullish sentiment.
For the dollar, the key factors are the violent sentiment of the Fed and signs of the strength of the US economy. I recommend to closely monitor the data on US GDP, which will be published this week, these figures will be a key factor in determining the direction of the dollar. So far, the American has grown against the Japanese yen, despite the fact that the yen looked favorably against the background of growing risks in the form of Brexit, Italy, and trade stresses in general.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.