Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/GBP set to lift further today?
The recent price action in the EUR/GBP has seen it continue to reject a move below 0.8550. The Euro keeps bouncing from that level. If you care to look at a daily chart of the price action you will seen what I am talking about. The EUR/GBP has rejected a drop below 0.8550 for 8 trading days in a row, including today, but it came close yesterday. Well, so far any rebound has been contained below the 0.8600 handle, but the longer the Euro rejects a drop below 0.8550, the greater the chance there might be of a more extended rise, perhaps to above 0.8600. The latest UK wages data, released earlier this morning has helped to lift the Euro a bit more since the close last night, where it ended that session at 0.8574. The low seen earlier today was set at 0.8558. It is currently trading at 0.8580
Market News
All News-
Nasdaq 100 continues to lead the way as the 4pm London Fix approaches
As the 4pm London FX fix approaches, the dollar is just coming back from earlier highs. That saw the EUR/USD fall back to 1.1456. It was just now... -
USD/JPY unfazed by lower than forecast Richmond Fed index
The April EU consumer confidence and US Richmond Fed indexes have just been released. The markets were expecting the EU consumer to feel a little less... -
US equity markets open higher and advance in early trade -check out the Nasdaq 100
As expected and priced into the futures beforehand, the US equity markets did open higher this afternoon and despite some initial wobbly price action...
