Market Leader informed
Yesterday the common European currency continued following the bearish tendency, updating the low and reaching 1.3560.
The movement was rather flattish than trend-like as the retracement down to 1.3560 testifies to this.
The market sentiments concerning EUR are slightly negative, which may be caused by the announcement made by the Portuguese Ministry of Finance saying that the country will probably need the EU’s financial aid in the short-term perspective. The second focus of interest remains Ireland. Even though last week the Irish authorities rejected the offered financial aid, their Portuguese colleagues called Ireland selfish and reminded that in such situations the well-being of all the EU members should be taken into account.
Today’s important economic data will be released at 9.30GMT (GB) and 10.00GMT (EU), including a range of consumer indexes. During the American session the production indexes, which are to be released at 13.30GMT, may influence the market as well.
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