Source: ForexYard
Uncertainty regarding the terms of Spain’s bailout package combined with fears about Greece’s upcoming elections caused the euro to turn bearish against the USD and JPY yesterday. That being said, the common currency was able to stabilize in overnight trading. After falling as low as $81.03 yesterday, crude oil was able to stage a minor upward correction and is currently trading at $82.10.
Main News for Today
UK Manufacturing Production-08:30 GMT
• Forecasted to come in at 0.0%, well below last month’s figure
• If true, the GBP could reverse gains made in overnight trading against the USD and JPY
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