Yahoo!-ABC News Network | © 2018 ABC News Internet Ventures. The EUR/USD moved edged lower, closing below the open, after testing resistance near a downward sloping trend line that comes in near 1.2425. Officials are said to see progress and euro-area finance ministers may make a statement at the April 27 meeting in Sofia, which would open the path for IMF participation in the Greek program. All prices herein are provided by market makers and not by exchanges.

First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. After U.S. The ZEW research institute index released Tuesday fell in April by 13.3 points to minus 8.2 points, the second sharp monthly drop in a row. Support on the currency pair is seen near the 10-day moving average at 1.2325. Italy March HICP inflation revised down to 0.9% year over year from 1.1% year over year reported initially.

EUR/USD was flat in the Asian session. OANDA Corporation. The drop in investor morale was worse than expected, with analysts polled by Factset predicting a reading of -1.5 points. A WTO filing on Monday showed the EU is seeking compensation from the United States for the tariffs, as China has also done. President Donald Trump has announced tariffs on steel and aluminum imports as well as on a range of Chinese goods, sparking concerns about retaliation and an escalating trade war.

Still, a Russian response is unlikely, despite the strong rhetoric. Estimate 2.23B. EUR/USD ratio is showing little movement in the Tuesday session. All rights reserved. The last time confidence among financial players fell into the red was in July 2016, shortly after Britain's shock vote to quit the European Union. Weak data in Germany and the euro zone could threaten the European Central Bank’s plan to end its asset purchases programme this year and hike interest rates in 2019.

MENU About The Company Bloomberg London Homepage Markets Stocks Currencies Fixed Income ETFs Commodities Rates + Bonds Economics Magazine Benchmark Watchlist Economic Calendar Tech U.S. This is the pair’s highest level since the end of March. On the release front, German ZEW Economic Sentiment surprised the markets with a sharp drop of 8.2 points. Investors did not show much reaction to the attack, as the markets had already priced in a strike.

This article is for general information purposes only. All Registered Trade Marks used on this Website, whether marked as Trade Marks or not marked, are declared to belong to their respective owner(s). April's reading is also the worst since the eurozone debt crisis sent the ZEW index plunging to -15.7 points in November 2012. Carsten Brzeski of ING Diba said the steep decline in morale was a sign that investors were taking note of the stuttering German data but there was “no reason to get overly concerned”.

This is a more pronounced correction than anticipated and the first time since July 2016 that pessimists outnumbered optimists. ECB’s Praet says Inflation hasn’t met criteria for sustained adjustment. It follows U.S. attempts to rewrite international trade rules by imposing import tariffs , triggering a tit-for-tat response by China. This was much weaker than the estimate of -0.8 points.

REUTERS/Fabian Bimmer/File Photo Writing by Joseph Nasr; Editing by Catherine Evans Our Standards: The Thomson Reuters Trust Principles. China on Tuesday announced plans to allow full foreign ownership of automakers in five years. Back then it was the unexpected outcome of the Brexit vote that knocked confidence back and the index recovered in the following month. This backs our view that the ECB is not quite ready to commit to such a step just yet.

No: 0325821. But she said a slew of "disappointing official data" out of Germany was also to blame for the bleaker mood, suggesting that Europe's powerhouse lost some momentum at the start of the year. Apps Newsletters Reuters Plus Advertising Guidelines Cookies Terms of Use Privacy All quotes delayed a minimum of 15 minutes. Economist Carsten Brzeski at ING said that the analysts were influenced by recent falls in hard economic indicators after a strong performance last year.

US Housing Starts. Leveraged trading is high risk and not suitable for all. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. Confidence among German businesses fell back in March, the influential Ifo survey showed last month, while the latest industrial orders and production figures were underwhelming. See here for a complete list of exchanges and delays. © 2018 Reuters.

In the US, the focus is on construction numbers. The eurozone release of 1.9 was the lowest since July 2o16. US Capacity Utilization Rate. Kenny Fisher Currency Analyst at Market Pulse Kenny Fisher joined OANDA in 2012 as a Currency Analyst. OANDA Asia Pacific Pte Ltd (Co. The ZEW research institute’s index of economic sentiment among investors, published on Tuesday, dropped more than 13 points on the month, its sharpest decline since July 2016.

Have a confidential news tip? Building Permits are expected to rise to 1.33 million, and Housing Starts are forecast to improve to 1.27 million. The readings are surprising, as the eurozone economy has been performing well and key indicators have been steady. US Industrial Production. Kenny writes a daily column about current economic and political developments affecting the major currency pairs, with a focus on fundamental analysis.

April’s reading of -8.2 — down from 5.1 in March — was the lowest since November 2012 and marked the third monthly fall in a row. By using this website, you consent to the use of cookies in accordance with the RTÉ Cookie Policy . One proposal is reportedly a debt buyback program for around EUR 9.5 bln EUR is debt held by the ECB and euro-area central banks with the assistance from the ESM. FX Empire may receive compensation from the companies featured on the network.