Euro dips as Mario Draghi turns dovish

Euro dips as Mario Draghi turns dovish

By: Oliver Miller | Where To Trade | On:Monday, 12 December 2016
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Where to Trade- China's imports surprise to the upside. The CNY/USD pair closed at 40 in the previous session.
The S&P 500 remains supported by the US Financial sector that went up by 4.8%. In the previous session, the S&P 500 closed at 2,254.75. 

The New Zealand Manufacturing Sales will be released at 21:45 GMT, and the NZD/USD pair is expected little to no impact. The NZD/USD pair closed at 1.4014 in the previous session.

Little impact should be expected on the EUR/USD pair during the US 10-y Bond Auction that will be at 18:01 GMT. The euro-dollar pair closed at  1.0556 in the previous session.

The Japanese Yen heads lower as 3-month bill rate hit its lowest level on record. Japan's Tertiary Industry Activity will be released at 04:30 GMT, and low volatility should be expected on the USD/JPY pair. The JPY/USD pair closed at 115.37 in the previous session.


Video Summary: 

  • China: China's imports surprise to the upside
  • Europe: Little impact should be expected on the EUR/USD pair during the US 10-y Bond Auction 
  • United States of America: The US Financial sector that went up by 4.8%
  • Japan: The Japanese Yen heads lower as 3-month bill rate hit its lowest level on record

 

Oliver Miller

Oliver Miller

"Patience is the key for success"

Oliver Miller is one of the best financial analyst with 18 years of online trading experience

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