Forex Notes

London FX: Investors Are Buying The Euro

Celebrating the New Year on the lunar calendar in Asia, as well as output in the United States have now very quiet trading day.

Euro / dollar rose slowly recovering from a low of $ 1.3578 of Asia, demand for semi-formal investors has allowed it to rise above $ 1.3600 and test offera at $ 1.3630. Today the focus markets for the Eurogroup meeting, during which will again discuss the situation in Greece.

Overview Trading Euro
A pair euro / dollar fell on sales of euro / yen, and the response to the GDP of Japan, together with commentaries representative Goldman Sachs, Jim O'Neill, who said that China will be forced to let the yuan rise by 5%. Couple fell below $ 1.3600, then expanded the base to $ 1.3578. The morning in Europe, she recovered, demand for semi-formal investors has allowed it to rise again above $ 1.3600. Shopping German investors led to a pair of $ 1.3615, then the momentum died down. Couple fell to $ 1.3590. Further purchases have allowed her to test the highs / offera, located to the level of $ 1.3620. Total trading session was relatively quiet, the focus of the market today Eurogroup meeting on the situation in Greece.

Overview Trading Yen
Dollar / yen was trading before the opening of inactive European markets against the backdrop of holidays in China and the United States. Couple slowly declined from the level of Y90.15 to Y89.95, then recovered slightly to Y90.05. Euro / yen rose to Y122.45 from Y122.75, then re-tested Y122.45 and almost reached the level of Y122.70. Traders believe that the pair will continue to trade in ranges until the end of the session.