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Dollar slips back again as Fed boss walks back on further Fed rate hikes- EUR/USD rebounds
Without necessarily and definitively saying so, the Fed boss has just intimated to the markets that the Fed job monetary tightening might be nearer the end rather than the beginning. So, his remarks have sent the dollar scurrying lower and delivered a rebound in gold. That said, US yields are not that much lower. We are only talking about 2-3 Basis points here, but out has been sufficient to send the dollar lower and lift the EUR/USD to fresh session highs close to 1.1170. It is just now stepping back a bit, currently trading at 1.1160
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EUR/USD rebounds from a test of 200 week moving average and here is why
Earlier this afternoon the EUR/USD did briefly trade below its 200 week moving average, which was still in place at 1.1108. The Euro skidded to set a...
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Nasdaq 100 opens in the red as GOOGL sinks
The US stock markets have just reopened and it has been a lower start to the day for the Nasdaq 100. Whilst we do not yet have an exact opening price...
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ECB leaves monetary policy unchanged- EUR/USD slips
The eagerly awaited monetary policy decision from the European Central Bank is now known and as expected the ECB have sat on their hands and kept all...