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25 Mar 2013
Session Recap: Cyprus deal boost Euro and risk appetite
FXstreet.com (Barcelona) - EUR/USD broke to the upside today in Asia-Pacific following an initial gap lower during the interbank premarket to session lows at 1.2941 as uncertainties over Cyprus were rising given negotiations were taking longer than expected.
Finally the agreement between Cyprus and the troika came in and EUR/USD spiked to fresh 6-day highs above 1.3000, printing a new high at 1.3051, still unable to fill the gap down from March 17 weekly open.
Local share markets as well as US futures moved all higher on the news, with Kospi up +1.42%, Nikkei +1.45%, Hang-Seng +0.81%, and Shanghai +0.17%. Gold also climbed a bit above previous weekly close Friday, while Oil printed fresh session highs around $93.80, highest in 4 days.
Euro zone finance ministers’ meeting on Cyprus in Brussels postponed till 19:00 GMT from 17:00 GMT
Cable still maintaining its bid tone but technical resistance looms
Forex: EUR/USD gaps down on Cyprus uncertainties
Forex: USD/JPY recovers but remains below 95.00
EUR/USD skyrockets on rumors a deal is done
Cyprus in principle agreement may not need parliament approval
Forex: AUD/USD holds below 1.0460
Japan’s finance Minister Aso: Efforts needed on long-term fiscal reform
Forex: EUR/JPY soars on Cyprus tentative deal
Dijsselbloem: Eurogroup has put an end to Cyprus uncertainty
Japan PM Abe: Wants BOJ to pursue bold easing, achieve 2% inflation target ASAP
Forex: EUR/GBP hits fresh highs above 0.8550 on bailout deal for Cyprus
Moody’s – Cyprus remains at risk of exit from the euro
Abe to hold talks with EU later today
EUR stops being reported topside
Eurogroup Statement on Cyprus – link to full text
Eurogroup reaches agreement with Cypriot authorities
Forex: EUR/USD builds a reversal pattern above 1.30 helped on Cyprus deal agreement
Finally the agreement between Cyprus and the troika came in and EUR/USD spiked to fresh 6-day highs above 1.3000, printing a new high at 1.3051, still unable to fill the gap down from March 17 weekly open.
Local share markets as well as US futures moved all higher on the news, with Kospi up +1.42%, Nikkei +1.45%, Hang-Seng +0.81%, and Shanghai +0.17%. Gold also climbed a bit above previous weekly close Friday, while Oil printed fresh session highs around $93.80, highest in 4 days.
Euro zone finance ministers’ meeting on Cyprus in Brussels postponed till 19:00 GMT from 17:00 GMT
Cable still maintaining its bid tone but technical resistance looms
Forex: EUR/USD gaps down on Cyprus uncertainties
Forex: USD/JPY recovers but remains below 95.00
EUR/USD skyrockets on rumors a deal is done
Cyprus in principle agreement may not need parliament approval
Forex: AUD/USD holds below 1.0460
Japan’s finance Minister Aso: Efforts needed on long-term fiscal reform
Forex: EUR/JPY soars on Cyprus tentative deal
Dijsselbloem: Eurogroup has put an end to Cyprus uncertainty
Japan PM Abe: Wants BOJ to pursue bold easing, achieve 2% inflation target ASAP
Forex: EUR/GBP hits fresh highs above 0.8550 on bailout deal for Cyprus
Moody’s – Cyprus remains at risk of exit from the euro
Abe to hold talks with EU later today
EUR stops being reported topside
Eurogroup Statement on Cyprus – link to full text
Eurogroup reaches agreement with Cypriot authorities
Forex: EUR/USD builds a reversal pattern above 1.30 helped on Cyprus deal agreement