International News
EUR/USD rose slightly after US Federal Reserve President William Dudley said raising interest rates too early poses a bigger risk to the economy than acting too late. Whilst there has been considerable improvement in the US economy, "it still is premature to begin to raise interest rates as there remains slack in the labour market and the inflation rate is still too low," "If all goes well, I anticipate that we will begin to raise short-term rates sometime next year,"
EUR/USD moved from the session lows of 1.2425 to end the trading day near the high of 1.2491. Look for support on the pair to be lying around the 1.2436 and 1.2396 thereafter with resistance on the pair lying at 1.2503 and 1.2530 respectively [...]
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