Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD drops below 1.07 as French PMI data really disappoints
The French June PMI data covering manufacturing, services and the composite count have just been released. As noted here earlier this morning, the markets were looking for a modest improvement across all these readings. Well, that is not what has just shown up. All three missed in the downside and by quite some margin too and all below 50. The EUR/USD has reacted immediately upon seeing all this and slid below 1.0700. The low so far was just set at 1.0690. Perhaps it might want to see the German number shortly before making a bigger move, but in any event this data was not good. The EUR/USD is right now at 1.0695
Market News
All News-
EUR/USD edges back towards 1.15 as USD/JPY recoils
Just ahead of the European stock market opening, the dollar is making something of a rebound. That has been led by the USD/JPY rising back above 140...
-
Gold nails $3,500 and backs off again
Since the last update here, gold pushed higher again and that push saw it reach another milestone. Gold touched $3,500 for the first time ever... -
DAX set to open lower this morning but it could have been worse
The DAX last closed on Thursday and back then it was a lower daily close, at 21,205. Well, at one point yesterday the DAX futures were pricing the...
