Currency Analyst since 2010


FXBAZOOKA.com - Risk sentiment is positive on news of a ceasefire accord in Ukraine, hopes of a close deal between Greece and its creditors and the rate cut in Sweden.

EUR/USD rose to 1.1440. The euro area will release GDP for Q4 at 10:00 GMT: economists expect a stagnant growth of 0.2%. Concerns about the future of Greece eased as the nation agreed to begin technical talks with its euro zone partners ahead of the decisive meeting on Monday in attempt to find a compromise solution of the bailout problem.

Oil prices were firm after gains steered by deeper industry spending cuts and lower USD. Brent crude futures held at $59.10 per barrel.

USD/JPY found some support at 118.40. The level of 119.10 is now a resistance. GBP/USD is trying to hold above 1.5400. AUD/USD rose to 0.7790 as the RBA’s Governor Glenn Stevens said nothing really new and didn’t provide additional verbal pressure on the national currency.

The economic calendar for today:

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