Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
EUR/USD holding a tight range so far today
The EUR/USD has not managed to rebound yet today. The price action seen yesterday was almost entirely to the downside and mostly capped south of 1.1050. The EUR/USD closed in the US last night at 1.1035, which was pretty much on its lows of the day. There are some analysts out there that advocate levels south of this price point to buy the Euro ahead of the US CPI report tomorrow. Well, so far today it has shown little inclination to bounce and it has actually set a new interim low earlier, at 1.1028. That is the lowest point since it peaked on Friday at 1.1155. Of course the US CPI data is going to have an impact tomorrow, but ahead of that the price action looks to be mostly focused on positional adjustments ahead of that release. The EUR/USD is currently trading at 1.1039
Market News
All News-
Mixed October German ZEW index fails to lift the DAX
The October German ZEW economic sentiment index has just hit the screens. The index has shown a worse current conditions reading but a better overall...
-
USD/JPY continues to edge lower towards 149
Since earlier this morning the USD/JPY has been steadily leaking lower and that has allowed the EUR/USD to just now rise back above the 1.0900 handle...
-
Lower oil price just now adds fresh pressure on the FTSE 100
The FTSE 100 was already struggling for traction today. The index was already weighed down by losses of more than 3% amongst its major oil component...
