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European data helping to push EUR/JPY higher this morning
In the previous update I noted the EUR/USD rising in tandem with the USD/JPY a short while ago. Well, that has continued to play out and the combination of higher revisions to German inflation data coupled with better revisions to the latest French PMI data has helped to push the EUR/JPY even higher. It has also pushed the EUR/USD a little further above 1.0945 too. So, the EUR/JPY has now lifted to session highs above 157.50. The EUR/JPY had traded close to 156 much earlier today. The EUR/JPY is the driving force behind the gains in the EUR/USD by the looks of it though and it is currently trading at 157.55
Market News
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
