Monday, 4 May 2015

XE Market Analysis: Europe - May 05, 2015

EUR-USD remains heavy, threatening to breach Monday's low at 1.1123. The upcoming release of the April U.S. payrolls report should be dollar supportive, we think, as the report should show a rebound from March's unexpected weakness. Greece also remains a thorn in the euro's side as news reports from ongoing negotiations suggest that fundamental differences remain between the Greek government and creditors. Sterling has underperformed notably over the last two trading days as markets finally wake up to the sea-change in UK politics that Thursday's general election is set to mark.



from RSS Feed http://ift.tt/1IcEos2
via IFTTT

No comments:

Post a Comment