EUR/USD extends daily gains, approaches 100-day SMA

EUR/USD extends daily gains, approaches 100-day SMA

FXStreet (Córdoba) – EUR/USD has continued to move slightly higher during the American afternoon, hitting fresh 8-day highs as the dollar was under mild pressure on the back of disappointing economic data.EUR/USD extended gains into a fourth straight day, and reached a peak of 1.0967 in recent dealSee Original Article

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GBP/JPY trimmed gains, fell back to 23.6% fib level

FXStreet (Mumbai) – The GBP/JPY cross trimmed gains to trade around 169.84 (23.6% of 188.81-163.98) levels, but remains well into the positive territory after upbeat UK GDP data. Bounced-off 5-DMAThe pair bounced-off its 5-DMA earlier today at 168.79 levels and extended gains further after the data See Original Article

South Africa cbank says outlook for inflation has deteriorated sharply

PRETORIA, Jan 28 (Reuters) – For highlights of new South African Reserve Bank Governor Lesetja Kganyago’s news conference after the central bank’s policy meeting, and quotes from the central bank…

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