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Dollar continues to weaken after US stock market opening- EUR/USD rises above 1.11
The dollar has continued to lose ground this afternoon. The USD/JPY is tracking back towards 146 and the EUR/USD has now risen above 1.11 for the first time since the end of December last year. The EUR/USD has lifted to a high at 1.1105 so far and hence once step closer to reaching the noted 1.1139 high that was set on December 28,2023. The GBP/USD is not far off its 2024 high (1.3044) now too, rising to 1.3030 this afternoon. The EUR/USD is currently trading at 1.1101
Market News
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Nasdaq 100 slides below 18,500
Well, so much for the higher opening for the Nasdaq 100 earlier this afternoon. The push back above 18,900 looks some way off now, as the index... -
Now risk aversion takes hold of the USD/JPY as US yields fall back again
Well, you were warned about the price action likely to be seen in the USD/JPY this afternoon and it sure is volatile and since the last update noted... -
US stocks slide further into the red- S+P 500 falls below 5,450
As just mentioned in the previous update, the US stock markets have turned sharply lower since opening this afternoon. Hence we now have a fresh...
