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EUR/USD falls following reports of ECB rate cut said to be wide open (corrected)
According to a leading news wire service, leaked comments from the ECB suggest the prospect of a rate cut next month is wide open. Well, that is surely of no surprise, given the latest data, but it has nevertheless dented the Euro versus the dollar, Pound and Yen. German bunds are moving to session highs following these comments and that is undermining the the EUR/USD, which is now close to session lows as it steps back towards 1.1125 from earlier highs above 1.1155. It is currently trading 1.1129
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USD/JPY on the drift lower again as markets wait nervously
Earlier this afternoon the USD/JPY dropped back below the 148 handle, basing out around 147.87. An attempt to rebound off that low has just now given... -
US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
