Switzerland SVME - Purchasing Managers' Index came in at 50 below forecasts (50.9) in January

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Feb 1, 2016

EUR/JPY: Gains capped at 23.6% fibo level

The 7-day winning streak in the EUR/JPY appears to have run out of steam today near 131.69 (23.6% of Dec 2014 high-April 2015 low).

EUR/USD forecast: eyes on Draghi – Commerzbank and Rabobank

The single currency is keeping the buoyant tone alive at the beginning of the week, trading in the mid-1.0800s ahead of PMIs and Draghi’s speech later in the session...