EUR/USD struggling around 1.2800
EUR/USD is currently at 1.2795, holding above Friday's and previously session highs, with session and fresh 3−day highs at 1.2812, where ForexLive had reported sell orders, and up to 1.2830, with stop loss buy orders starting at 1.2820. The pair is higher for the day by +0.21%...
G8 not helping to crystallize EZ crisis
G8 Summit produced no exciting headlines as it turned out to be rather anticlimactic. While it is not a real surprise, the deterioration of the Eurozone debt crisis appears not to have disturbed the calmness surrounding these meetings, which continue to show an alarming lack of urgency...
| GMT | Vol. | Event | Actual | Con. | Prev. | |
|---|---|---|---|---|---|---|
| May 21 | ||||||
| n/a | CA | 0 | Victoria Day | |||
| 05:00 | JP | 2 | Leading Economic Index | 96.4 | 96.1 Revised from 96.0 | |
| 05:00 | JP | 1 | Coincident Index | 96.7 | 95.2 | |
| 05:45 | CH | 2 | SECO Consumer Climate (3m) | -8 | -15 | -19 |
| 09:00 | EMU | 1 | Construction Output s.a (MoM) | -7.1% | ||
| 09:00 | EMU | 1 | Construction Output w.d.a (YoY) | -12.9% | ||
| 09:15 | US | 1 | Fed's Lockhart speech | |||
| May 22 | ||||||
| n/a | JP | 2 | BoJ Monetary Policy Meeting Minutes | |||
| 02:00 | CN | 1 | CB Leading Economic Index | 0.8 | ||
| 03:00 | NZ | 3 | RBNZ Inflation Expectations (YoY) | 2.5% | ||
| World Interest Rates | |||||||
|---|---|---|---|---|---|---|---|
| US: 0.25% | EMU: 1% | UK: 0.5% | JP: 0.1% | CH: 0% | CA: 1% | AU: 3.75% | NZ: 2.5% |
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EUR/USD takes out stops above 1.2800 by Richard Lee
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