Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
EUR/USD headed for an eventual break above 1.1139 and beyond ?
Turning back to that US BLS downward payroll revision of 818,000 jobs so far in 2024. That is simply huge folks and equates to around 100k jobs per month overstated by the BLS. So, how could they get it so wrong? Well, it is a survey based model and not based on hard data and that makes it flawed to begin with. So, in the prior update on the USD/JPY, it was noted here; that this was not god news for the dollar and indeed the USD/JPY has now given back that inverse reaction to above 146 and stocks have seemingly woken up to hard fact; that was not good news for the economy. The EUR/USD has so far resisted a move to above 1.1139 and that is hard to explain right now. Perhaps eventually the penny will drop and the Euro will press past that level and towards 1.12. If not, then it should not be going lower at any rate, because this data is not in any way positive for the US currency. The EUR/USD is currently trading at 1.1128
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...
