Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
The EUR/USD could have done better-check it out this morning
On Friday the EUR/USD spiked above 1.08 immediately after the release of the April US jobs report. The high seen was set at 1.0813, which means it busted above both its 50 and 200 day moving averages, in place just below the 1.08 handle. However, despite rising above those price points, it could not sustain the move and fell back towards 1.0750. The Euro later closed the week in the US at 1.0761. The range seen so far today has been pretty tight and covered by 1.0751 to 1.0775. The 50 and 200 day moving average are pretty much unchanged this morning too, currently at 1.0794 and 1.0797 respectively. It is arguable that the Euro could have and should have done better on Friday and that looks like an overhang that is still in place this morning. The EUR/USD is currently trading at 1.0762
Market News
All News-
USD/JPY edging off the lows as stocks lift
Earlier this morning the DAX did fall below the 22,500 handle and that fall came alongside some downside pressure across the US equity futures. That... -
EUR/GBP falls to a new low on the week
The price action on the EUR/GBP so far this week has seen it drift gradually lower. It has just now fallen to its lowest levels of the week, at 0.8315... -
US PCE report very high on the radar for the S+P 500 later today
At 12.30pm GMT the US will release the February PCE (Personal Consumption Expenditure) report and this is potentially very important. So, why is that...
