Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
EUR/USD edges back down towards 1.1139 breakout level
Yesterday afternoon as the dollar tanked the EUR/USD did as expected and took out the December 2023 high, at 1.1139. The move through that level further extended after the release of the July Fed meeting minutes. As covered here at the time, those minutes revealed that several FOMC voters had wanted a July rate cut and the vast majority are indeed behind the Fed boss in wanting to deliver a cut next month. So, the dollar fell and the EUR/USD pushed on to set a high at 1.1174, not long after the release of those minutes. The EUR/USD later closed in the US at 1.1150. The price action so far today has seen it drift back close to that breakout point, at 1.1139. The range thus far has been covered by 1.1140 to 1.1158. The 1.1139 level should act as support, but as usual, it is also possible there might be some weak stops in place just below it. The EUR/USD is currently trading at 1.1141
Market News
All News-
DAX sets new record above 19,500 at the second time of asking
Since a much earlier update here noted the DAX just failing to set a new all time high above 19,491, the index fell back to below 19,400. However...
-
S+P 500 rises to new record above 5,850
The gains in the Nasdaq 100 right from the opening has now seen that index push towards 20,500 and that in turn has helped to lift the S+P 500 to a...
-
US stock markets reopen with early rotation out of the Dow Jones and into the Nasdaq 100
The US stock markets have just reopened and the immediate moves have seen the Dow Jones drop a little further into the red whilst the Nasdaq 100 moves...
