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26 Dec 2014
Boxing Day Update: Euro below $1.2200, as yen weakens
FXStreet (London) - Price action looks sluggish in gaining momentum considering key markets such as Australia, Hong Kong, Singapore, the UK, Canada and much of Europe are all on holiday, although New York will be open for business.
EUR/USD has declined throughout todays European session, following an overnight high at 1.2201. Spot is now down 0.26% on the day and trading at 1.2194.
Cable remains more stable, up 0.02% on the day at 1.5554, trading in near ten-pip range. USD/JPY is up 0.16% as 120.29 with price also range bound between 120.40-120.20. USD/CHF is up 0.22% at 0.9860, just below the daily high at 09864.
Yesterday as much of the world ate turkey, minced pies and sipped sherry, Japan released a barrage of economic data. The National Consumer Price Index (YoY) came in at 2.4%, just below expectations of 2.5% and 2.9% previous. The jobless rate in Japan remain at 3.5%.
Looking to commodities, Gold is up 1.14% on the day at $1,186.90, just below the daily high at 1,188.80. WTI Crude is up 0.77% at 56.25, while Brent sits at 60.46, up 0.37%.
Overnight, the Nikkei closed up 0.06% at 17,818.96. Looking to US futures, we see the potential for a higher open, off the back of all time record highs in the S&P 500 and DJIA prior to Christmas in one the strongest Santa Clause rallies of all time.
The DJIA closed at a new record high of 18,030.21, the 37th record high this year, while the S&P 500 failed to close at a record high, but posted a new intraday record high on Tuesday. Presently, DJIA futures are up 0.21% at 18,025.50 while S&P 500 futures are up 0.19% at 2,082.65.
EUR/USD has declined throughout todays European session, following an overnight high at 1.2201. Spot is now down 0.26% on the day and trading at 1.2194.
Cable remains more stable, up 0.02% on the day at 1.5554, trading in near ten-pip range. USD/JPY is up 0.16% as 120.29 with price also range bound between 120.40-120.20. USD/CHF is up 0.22% at 0.9860, just below the daily high at 09864.
Yesterday as much of the world ate turkey, minced pies and sipped sherry, Japan released a barrage of economic data. The National Consumer Price Index (YoY) came in at 2.4%, just below expectations of 2.5% and 2.9% previous. The jobless rate in Japan remain at 3.5%.
Looking to commodities, Gold is up 1.14% on the day at $1,186.90, just below the daily high at 1,188.80. WTI Crude is up 0.77% at 56.25, while Brent sits at 60.46, up 0.37%.
Overnight, the Nikkei closed up 0.06% at 17,818.96. Looking to US futures, we see the potential for a higher open, off the back of all time record highs in the S&P 500 and DJIA prior to Christmas in one the strongest Santa Clause rallies of all time.
The DJIA closed at a new record high of 18,030.21, the 37th record high this year, while the S&P 500 failed to close at a record high, but posted a new intraday record high on Tuesday. Presently, DJIA futures are up 0.21% at 18,025.50 while S&P 500 futures are up 0.19% at 2,082.65.