In trading in Europe, the main currencies show mixed dynamics. The British pound is in the lead of growth. Behind him is a “Canadian.” The Briton hit its highest level in almost seven months as traders bet on the Conservatives’ victory in the December 12 election following a new poll. The Canadian dollar is rising against the background of rising oil prices.
High volatility was observed in other currency pairs, as well as in gold and the green. The fact is that in the last two days investors have transferred money into protective assets, as Trump announced a possible postponement of the signing of the agreement to 2020. He likes that idea. Sentiment changed sharply when Bloomberg said, citing its sources, that a deal with China could be struck before U.S. tariffs were raised on December 15.
The pair dropped to lb’s balance line of 1.1067. The current rate is 1.1075. Traders took a wait-and-see attitude in anticipation of the release of statistics in the UNITED States. The ideal level for a downward correction i see 1.1055. Do not forget on Friday will be a report on the American labor market. At this point, market participants should take advantageous positions for themselves. Resistance is at 1.11.
The index of business activity in the services sector in Italy is 50.4 (the forecast was 51.2, the previous value was 52.2).
The index of business activity in the services sector in France is 52.2 (the forecast was 52.9, the previous value was 52.9).
The index of business activity in the services sector in the eurozone is 51.9 (the forecast was 51.5, the previous value was 51.5).
The index of business activity in the service sector in Germany is 51.7 (the forecast was 51.3, the previous value was 51.3).
The index of business activity in the services sector in the UK is 49.3 (the forecast was 48.5, the previous value was 50.0).
Vladislav Antonov, Analyst at Alpari