EUR/USD currency pair remains today under pressure we observed on Friday as European currency moved to decline, when the price fell by more than 150 points.
Asian markets traded mostly lower on Tuesday, with activity levels remaining low as the Lunar New Year holiday continues in China, Taiwan and Vietnam.
The last trading week has developed ambiguously for the GBP / USD.
Today US celebrates President Day off, taking into account that Asia is also in the celebration mode.
On Thursday, European stock markets continued to recover, it was the second consecutive day when markets grew up this week.
Asian stock indexes traded mostly in green territory following solid gains on Wall Street in the prior session, but many markets remained close in observance of the Lunar New Year holiday.
The most significant event of the current week at the time of Thursday Wall-Street start is, in our opinion, the recovery of equity markets after last week sell-off.
Yesterday, Europe made another attempt to return to the recovery phase and this time it was a successful one (DAX: + 1.2%, CAC40: + 1.1%).