EUR/USD: Euro goes up, ignoring external signals
The pair EUR/USD is traded upward at the Forex currency market on Monday, since the conflict in the Middle East has already been incorporated in the current prices and new details do not provoke significant transition of the players to safe assets as it was last week.
By 10.30 Moscow time the Euro is at 1.3781 against closing session level of 1.3753 on Friday.
Meanwhile, traders’ concern about the affect of the Middle East conflict on the recovery of the world economy also began to subside–investors continue to believe in stable growth rate, despite the inflated oil prices
Investors’ attention today will be focused on the publication of the consumer prices index in Eurozone in January (forecast: 2.4% y/y); in the afternoon traders will await the release of the U.S. statistics.
The situation in Ireland where the change of government can take place still represents risk to the Euro
Most likely the pair EUR/USD will not go beyond the range of 1.3700-1.3820
at the trading session on Monday.
