- MarketPulse - https://www.marketpulse.com -

Week in FX Americas – US Holiday gives EUR Opportunity to Advance

The United States released economic data that its starting to validate the expectations of an economic recovery. Jobless claims were lower after the spike seen after superstorm Sandy. Housing starts came in at a 4 year high as the housing has turned a corner.

The US Fiscal Cliff still looms in the horizon, even though representatives from both parties have expressed their willingness to negotiate and reach an early agreement. Fed Chairman Ben Bernanke did his part by mentioning the drag on the economy that would result if there are any delays in reaching a deal.

The EUR advanced against the USD during the holiday break as Chinese and US manufacturing data showed an expansion, which boosted bourses around the world.

EURUSD


USDCAD

 

WEEK AHEAD

  • JPY Bank of Japan Releases Minutes
  • EUR Eurogroup Budget Meetings
  • EUR Greek Debt Agreement Summit
  • GBP Gross Domestic Product
  • USD Consumer Confidence
  • EUR German Consumer Price Index
  • CHF Gross Domestic Product
  • EUR German Unemployment Change
  • USD Gross Domestic Product
  • EUR Euro-Zone Unemployment Rate
  • CAD Gross Domestic Product

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza [17]

Senior Currency Analyst at Market Pulse [18]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

Latest posts by Alfonso Esparza (see all [17])