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EUR/USD holding above 1.05 so far today
Yesterday the dollar came a little unstuck and the drop back in the US Index (USDX) helped the EUR/USD to rebound above 1.05. The high seen ahead of the US close was set at 1.0532, but the gains were hard fought. The EUR/USD later closed in the US at 1.0504. Now, I noted here yesterday; how the EUR/USD has endured a 11 week losing streak of consecutive lower weekly closes and just now rare such a run is. That was to highlight the prospect that such a run was probably overdue a correction of some sort. Well, that might still be the case, but of course that will largely depend on how the dollar fares after the US monthly jobs report tomorrow. Meantime, the EUR/USD has held the 1.05 handle so far today, with the low set at 1.0502. The topside is yet to break fresh ground, but I would not rule that out today. The high so far has been set at 1.0529. It is just now trading at 1.0524
Market News
All News-
EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
