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Earlier this morning the EUR/USD tried and failed to launch another test of the §.0750 level. It then fell back to set a low just below where it fallen to yesterday. That was then followed by another rebound, but that has now stalled again and just now it is falling, to set fresh session lows underneath 1.0720. Earlier it was noted that the 1.0750 level was proving tough to crack and the repeated failure up there has now added some further downside momentum. The EUR/USD is just now trading at 1.0717
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
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