The Euro/USD started the week with a decent towards 1.19 levels, its lowest point since 2006!
Despite soft data yesterday, the USD continued its stronghold over the EUR, proving that investors are still confident in US growth and worried about the upcoming bond-buying program, rumored to be looming in the EUR zone future.
Oil prices continued to crash yesterday as-well, dropping over 4%, going under 48$ and adding to Global uncertainty.
Wall-Street reacted with a second straight day of red closings, with all three major indices dropping between 0.75%-1.3%.
Key Market data today:
08:55 – EUR: German unemployment change.
10:00 – EUR: CPI .
13:15 – USD: Non-Farm Employment change.
15:00 – CAD: PMI.
Short term Support – 1.160
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