18 Dec 2014
Fed has restored investor’s confidence - FXStreet
FXStreet (Guatemala) - Fed has restored investor’s confidence - FXStreet
Valeria Bednarik, chief analyst at FXStreet noted that the EUR/USD pair extended its decline on Thursday down to 1.2266, having remained capped below the 1.2300 figure for most of the US session.
Key Quotes:
“The latest FED’s decision has restored investors’ confidence with stocks closing strongly up across the world. Earlier on the day, German IFO survey showed confidence rose for a second month as the economy shows signs of strengthening, but it was not enough to trigger EUR demand”.
“In the US data came out mixed, with unemployment claims decreasing to 289K in the week ending Dec 12, but Markit Services PMI edged lower down to 53.6. But the main fundamental weight came from the SNB, as the Switzerland Central Bank surprise markets cutting rates to negative, in order to discourage safe-haven buying of francs, down to -0.25% and protect EUR/CHF peg”.
Valeria Bednarik, chief analyst at FXStreet noted that the EUR/USD pair extended its decline on Thursday down to 1.2266, having remained capped below the 1.2300 figure for most of the US session.
Key Quotes:
“The latest FED’s decision has restored investors’ confidence with stocks closing strongly up across the world. Earlier on the day, German IFO survey showed confidence rose for a second month as the economy shows signs of strengthening, but it was not enough to trigger EUR demand”.
“In the US data came out mixed, with unemployment claims decreasing to 289K in the week ending Dec 12, but Markit Services PMI edged lower down to 53.6. But the main fundamental weight came from the SNB, as the Switzerland Central Bank surprise markets cutting rates to negative, in order to discourage safe-haven buying of francs, down to -0.25% and protect EUR/CHF peg”.