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EUR/USD like a rabbit in the headlights this morning
The European stock markets might be defying the odds, but the risks of blanket trade tariffs on Europe are still very much on the radar. It would seem likely that it is only a question of time before Trump targets the region. There is nothing good that will come from that though, if and when it happens. Perhaps the markets now believe that any tariffs are just a bargaining tool and not something that will have more than a passing impact until a deal is ironed out? Well, that might be the case, but it seems the Euro is not taking any chances on that. To be honest it looks like a rabbit ion the headlights right now. The range seen so far today has been covered by 1.0292 and 1.0311. There might be more to add on that, if anything changes. The EUR/USD is currently trading at 1.0307, which is right where it closed in the US last night
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
