EUR/USD for January 12, 2017

8 months agoByDavid Becker

The EUR/USD edged higher on Wednesday, following a report from the EU institute that said investment was poised to outpace consumption.  The currency pair was unable to break through resistance near the 50-day moving average at 1.0625.  Support on the currency pair is seen near the 10-day moving average at 1.0531.  The exchange rate continues to form a bottom, as momentum remains positive with the MACD (moving average convergence divergence) index prints in the black with an upward sloping trajectory which points to a higher exchange rate.

Eurozone institutes see steady growth of 0.4% quarter over quarter through to Q2. Investment is now expected to outperform consumption and annual rates are expected to be around 1.5% and inflation is expected to jump to 1.5% in Q1 and Q2 from 0.7% in Q4 2016. 1.5% is still below the ECB’s definition of price stability, but still, the marked uptick.


SymbolLast PriceChangeChart
CLCrude Oil
UKXE-Mini FTSE 100

Live Quotes

Top Promotions
Top Brokers

FX Empire - the company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
FX Empire may receive compensation from the companies featured on the network.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.