Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD lifts into and after GDP and HCIP data
Just ahead of the latest important Eurozone GDP and HCIP inflation data, the EUR/USD pushed a little higher. It is probably best if you all draw your own conclusion on why that was, but the inference here is clear; well as clear as it can be. So, Eurozone GDP slightly beat the street, as did the HCIP data and that has supported the Euro a little. The EUR/USD is now rising towards 1.0725 following these releases. The key point here, is that inflation in the area is not advancing, but not falling significantly either and that has implications for the ECB at their June meeting. The DAX is still falling by the way and that ties in with the push higher in the EUR/USD right now. The EUR/USD is currently trading at 1.0724
Market News
All News-
US JOLTS and Consumer confidence slide- EUR/USD hits fresh European session highs
The US JOLTS- Job openings report and latest Nationwide US consumer confidence index have now been released. As noted earlier, the markets were...
-
Gold holds $3,300 at the first time of asking and rebounds
A little earlier this afternoon gold fell back to set a fresh session low at $3,300.64. That low came after the metal had peaked much earlier today at...
-
Nasdaq 100 opens lower following Amazon move
Following on from the previous update looking at the fall back in the USD/JPY, the US stock markets have now reopened for live trade and it has been a...
