Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD continues to press higher as risk aversion wanes
Following on from the previous update, noting the further rebound in the US stock market futures, the dollar versus Europe has weakened at the same time. That is a perfectly logical reaction and now the EUR/USD is close to session highs as it presses further, above 1.0670. The fact that it did not drop below 1.0600 earlier today is also a point worth repeating. The range seen since this time yesterday has of course remained intact and that is covered by 1.0611 to 1.0690. So, where it looked extremely unlikely for the EUR/USD upside correction to extend to test 1.0709 yesterday afternoon, that looks much less likely right now. Naturally, if there is fresh news to support a flight back into the US currency then that will unfold, but right now there seems a little less reason for that to happen. If the EUR/USD were to rise above 1.0690 now, then it would make sense to see that 1.0709 technical correction level tested. The EUR/USD is currently trading at 1.0670
Market News
All News-
Bitcoin lifts above 84k as it continues to track tech and risk
As the US equity markets push higher again that has now seen the Nasdaq 100 lift above 19,600. Well, no surprise to see that this move has been... -
As expected Gold backs off from new all time high above $3000
As covered here earlier today, spot Gold rose above $3000 per ounce for the first time ever. Subsequent to the update covering that move, the metal... -
Dow Jones drops back after University of Michigan consumer sentiment index falls
The latest reading of the University of Michigan consumer confidence has just been released and it has missed badly on expectations. At the same time...
