Source: ForexYard
The euro moved up over 150 pips against the USD and 140 pips against the JPY during overnight trading, following news that a $125 billion bailout was secured by Spain to help its ailing banking sector. Crude oil also advanced more than $2 a barrel, reaching as high as $86.60. That being said, crude has already started reversing its gains and is currently trading around $85.80.
Main News for the Week
Tuesday
• UK Manufacturing Production
Wednesday
• US Core Retail Sales
• US Retail Sales
• US PPI
Thursday
• US Core CPI
• US Unemployment Claims
Friday
• US Prelim UoM Consumer Sentiment
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Forex Market Analysis provided by ForexYard.
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