In early European deals on Monday, the euro declined against other major currencies ahead of the European Union finance ministers meeting in Brussels today.
The euro remained under selling pressure since last week, weighed down by renewed jitters about the euro zone debt crisis and reduced expectations that the European Central Bank will raise interest rates soon.
Euro zone debt markets became increasingly unsettled in recent days as Portuguese 10-year bond yields reached record highs, sparking fresh concerns about funding costs in peripheral euro zone economies.
The euro weakened against the US dollar in early European deals on Monday. The euro-dollar pair is currently trading at more than a 3-week low of 1.3465, compared to Friday’s close of 1.3548. On the downside, 1.310 is seen as the next target level for the euro.
During early European deals on Monday, the euro slipped against the yen. As of now, the euro-yen pair is trading at a 5-day low of 112.13 and the next downside target level for the European currency is seen at 111.5. At Friday’s close, the pair was quoted at 113.05.
Gross domestic product in Japan was down 0.3 percent in the fourth quarter of 2010 compared to the previous three months, the Cabinet Office said today. That was better than expectations for a 0.5 percent quarterly fall following the downwardly revised 0.8 percent increase in Q3.
On an annualized basis, GDP was down 1.1 percent – again topping forecasts for a 2.0 percent contraction following the downwardly revised 3.3 percent increase in the third quarter.
The euro fell against the pound in early European deals on Monday. The euro-pound pair that closed Friday’s trading at 0.8466 is now worth 0.8408. This set a 1-week low for the European currency. If the euro weakens further, it may likely target the 0.835 level.
The euro dropped against the Swiss franc after reaching a high of 1.3205 by about 2:35 am ET Monday. At present, the euro-franc pair is trading at a 4-day low of 1.3103 with 1.285 seen as the next downside target level. The pair closed Friday’s trading at 1.3186.
The franc advanced after Credit Suisse revised up Switzerland’s economic outlook for 2011 to 1.9% from an earlier prediction of 1.2%.
In early European deals on Monday, the euro edged down against the Australian dollar. As of now, the euro-aussie pair is trading at a 6-day low of 1.3420, compared to last week’s close of 1.3519. The next downside target level for the European currency is seen at 1.335.
The number of new home loans for owner-occupiers rose by a better-than-expected 2.1 per cent in December, to a seasonally adjusted 51,706, according to a release from the Australian Bureau of Statistics. The bureau said total housing finance by value rose by 2.5 per cent in December, seasonally adjusted, to A$21.587 billion.
The euro, which closed Friday’s trading at 1.3392 against the Canadian dollar declined to near a 4-week low of 1.3307 in early European deals on Monday. If the euro slips further, it may likely target the 1.320 level.
During early European deals on Monday, the euro dropped against the New Zealand dollar. Presently, the euro-kiwi pair is worth 1.7770, down from Friday’s close of 1.7820. If the European currency falls further, 1.765 is seen as the next target level.
Retail Sales in New Zealand were down 1.1 percent in December compared to the previous month, Statistics New Zealand said today – sharply lower than forecasts for a 0.4 percent decline following the 1.5 percent monthly increase in November.
For the fourth quarter of 2010, retail sales were down 0.4 percent compared to the previous three months. That was better than forecasts for 0.5 percent contraction following the 0.7 percent increase in the third quarter.
Looking ahead, the Eurozone industrial production for December is expected at 5:00 am ET.
Therefore, newcomers earn and to Forex may review in the
same occasion, while seasoned merchants get profits and can discuss their approaches.
Currency trading works on accounts that are margined and the industry practice will be to industry on little profit portions.
Thanks for sharing your thoughts. I really
appreciate your efforts and I will be waiting for your further post thank you once again.
Getting started having a mini account can be quite a great way for an individual who is new to forex to pick up the techniques for true.
Focus on what’s about the announcement, particularly
while in the fiscal planet, such as the values you’re exchanging.
You need to follow the rules of your forex currency trading technique and
trade only where required, thus to avoid this mistake that many persons
make.
The GBP/ CHF and GBP / JPY currency couples can also be very risky with this timeframe of overlap.
The platforms have become helpful since they provide additional information like marketplace info, information, graphs and alerts.
We could help create the fundamentals of online currency trading
for that broker that is fresh, or renew sophisticated concepts using a more
experienced entrepreneur.
Right here is the perfect site for anybody who hopes to understand this topic.
You know a whole lot its almost hard to argue with
you (not that I actually would want to…HaHa). You
certainly put a brand new spin on a topic which has been discussed for decades.
Excellent stuff, just excellent!
I am regular visitor, how are you everybody? This post
posted at this web page is in fact fastidious.
I do not know if it’s just me or if everyone
else experiencing problems with your blog.
It appears as if some of the written text within your content are running off the screen. Can somebody else
please provide feedback and let me know if this is happening to
them as well? This may be a problem with my web browser because I’ve had this happen previously.
Thank you
I was recommended this blog by my cousin. I am not sure whether this post is written by
him as nobody else know such detailed about my difficulty.
You are amazing! Thanks!
This design is incredible! You definitely know how to keep a reader amused.
Between your wit and your videos, I was almost moved to
start my own blog (well, almost…HaHa!) Excellent
job. I really enjoyed what you had to say, and more than that,
how you presented it. Too cool!
Sweet blog! I found it while searching on Yahoo News.
Do you have any suggestions on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Cheers
Before going to the aspects, it will alleviate your projects to find
a brokerage comparison list.
You should be a part of a contest for one of the finest sites online.
I’m going to highly recommend this website!
certainly like your website but you have to test the spelling on several of
your posts. Many of them are rife with spelling issues and I to find it very bothersome to inform the truth then again I’ll certainly come again again.
Hello! I just wanted to ask if you ever have any trouble
with hackers? My last blog (wordpress) was hacked and I ended
up losing a few months of hard work due to no backup.
Do you have any methods to prevent hackers?
Thank you for some other informative site. The place else may
I am getting that kind of info written in such an ideal manner?
I’ve a mission that I am just now working on, and I’ve been at the glance out
for such information.
The sensational Danon Chunky Double Coronary heart Bracelet
brings easy type to any outfit.
If you find yourself trying to find that one
thing distinctive to finish off your attire then why not look at shopping
for some Danon jewellery and see what you can get with out breaking
the bank.
Swagbucks is a reward program that is not too long ago opened
for Indian users. This Hub attempts to supplies some
ideas from an Indian user perspective.
There are some individuals who think that men’s earrings depict homosexuality.
Tragus piercings often takes two to 4 months to heal.
This hub will analyze the advances in technology, and the way
they’re being integrated into the educational system.
When shopping for jewelry for someone you will need
to contemplate what he or she does every day. You do not need to give a mother with
toddlers a necklace, as she won’t be able to put on it when she is round her kids.
Toddlers love to drag on necklaces and it may damage the mom’s neck or trigger the necklace to interrupt.
She would then really feel guilt and nobody wants that.