Advertisement
Last Articles
- FOREX Brokers - Interbank Market
- Forex Misconceptions
- Structure of the Forex Market
- Tricks Of The Successful Forex Trader
Last News
EUR/USD: Euro is supported by coming Christmas and also by ECB
The pair EUR/USD is traded upward at the Forex currency market on Wednesday morning in response to rally in stock indexes.
By 9.35 Moscow time the Euro is at 1.3111 against yesterday's closing level of 1.3076.
Apparently, this is what Christmas rally is allabout, but this year it is limited in time. There is no news background either. Investors await the out come of the first auction of the European Central Bankwhich offered three-year loans to the banks. Previously European Banks were able attract about 293 billion euro in order to normalize situation with liquidity.
In general, external background is neutral this morning and current growth of the Euro is favourable for purchase keeping in mind future sales.
Most likely the pair EUR/USD will not gobeyond the range of 1.3040-1.3150 at the trading session on Wednesday.