The euro/swiss franc currency pair's price action is particularly interesting. The pair has been consolidating between 1.04 and 1.05 for the last week, but one way or another, we’re likely to see a major breakout tomorrow or early next week.
Greece and its EU/IMF lenders failed to reach an initial deal to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said on Tuesday.
European shares were heading for their biggest weekly fall of the year on Friday, as a second week of gains for oil prices and a resurgent euro put the brakes on a two-month bonanza for the region's equity markets.
Gold hit 2-1/2 week highs on Wednesday as upbeat German sentiment data and weaker than expected U.S. durable goods numbers drove the euro higher against the dollar and as expectations for an imminent U.S. interest rate rise receded.
Euro zone businesses ramped up activity this month, just as the European Central Bank starts printing money to spur growth and inflation, while a slowdown among Chinese factories has fueled calls for more stimulus there.