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EUR/USD edges higher
The EUR/USD is edging a little higher this morning reaching a high at 1.0825 ahead of the European opening. The move higher comes as the USD/JPY falls back and the dollar index (USDX) takes another hit to the downside. The index has fallen below 105 today. The Euro is still proceeding cautiously, as noted here yesterday would likely be the case ahead of the monthly US jobs report this afternoon. The EUR/USD posted a synthetic US close last night at 1.0812. The low seen so far today has been set at 1.0809. In terms of potential upside resistance levels, those are in place at 1.0852 and 1.0892. The EUR/USD is currently trading at 1.0821
Market News
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
