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EUR/USD Update and Asian Stocks Gain on Improving Japan, U.S. Economic Data



Good day forex traders and readers.

It is almost the end of the trading week and we observed continued tight ranging for the EUR/USD despises a global equities pick up. As the bullish sentiments flow over to the Asian session, we have yet to see any pick up in the currency pair. Regardless caution is advised as the last trading day of the week might hold surprises due to market consolidation of orders.

Good reading from Bloomberg :

Asian stocks rose for a third day, with the regional benchmark index paring the first quarterly slump in a year, amid signs the Japanese and U.S. economies are improving and assurances on stimulus efforts from the Federal Reserve .

The MSCI Asia Pacific Index rose 0.5 percent to 128.90 as of 9:02 a.m. in Tokyo, before markets in China and Hong Kong open. The measure is headed for a second month of losses after China’s money-market rates surged to a record and Fed Chairman Ben S. Bernanke said policy makers may start dialing down U.S. stimulus.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net Sponsored Link Advertisement Sponsored Links Advertisement Advertisements

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