Another reminder about Quick news updates this week as the EUR/USD drops back towards 1.13 again

As the DAX has taken its biggest hit seen in recent days and at one stage earlier fallen back by 528 points from its earlier post 18,489 high, at 23,389, the EUR/USD has fallen back with it. Earlier the EUR/USD stalled ahead of the 1.1350 marker and has since dropped back close to the 1.13 handle. That level remains intact for the time being though. At the same time the reader is again reminded there will be no further updates from this analyst this week after 12.30pm GMT tomorrow. As previously noted, that means no coverage from me over the Fed policy announcement, at 6pm GMT tomorrow. It also means the same in respect of the coverage over the Bank of England policy decision the following day, at 11am GMT. As noted previously this is due to absence. The markets expect the Fed to hold and the BOE to cut, by 0.25% and any other outcomes outside of that will be a surprise on either count. The EUR/USD is just now edging back up from the recent low, currently trading at 1.1316