Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD edging off the lows as IFO report looms
Earlier this morning the EUR/USD hit a session low at 1.0454. It is edging off that low now though and being helped by another relapse towards 155 in the USD/JPY. The USD/JPY has now fallen nearly 100 pips below its earlier high. So, as usual that has allowed the EUR/USD some breathing space to rise. That modest rebound comes ahead of some reasonably important German data. That comes at 9am GMT and it is the latest IFO business climate index. The markets are expecting the IFO index to edge a little higher in January, from 84.7 to 84.8. A report on the actual outcome and its component parts will follow once the data is released. The EUR/USD is right now at 1.0475
Market News
All News-
DAX set for a lower opening today
The DAX closed lower yesterday. Earlier in the session the index had reached a high at 23,702 and then fell back into the close. The low seen was set...
-
Gold takes out first corrective target
Since the last update here looked at gold this morning, the metal has now fallen below any technical support noted at $3,132.17. Gold has not long ago... -
UK Q1 GDP better than forecast- GBP/USD yet to break fresh ground on the day
That whole raft of UK economic data has just hit the screens. The upshot of all that lot is slightly better on some and not so hot on others. The Q1...
