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EUR/USD rebound yet to convince
The rebound in the EUR/USD from yesterday has seen the currency rise to a high today at 1.0771. That high is still short of the 50 day moving average (in place right now at 1.0779) and also still shy of its 200 day moving average that it busted below yesterday. That is still in place this morning at 1.0789. The move higher in the Euro still looks corrective and of course the dollar has lost a little ground ahead of the Fed policy decision tomorrow evening. So, in essence we appear to have some profit-taking on short Euro trades ahead of that event. Beyond that the Euro is still very much suffering the fallout from the EU weekend election results and of course the much better than expected US jobs report. The EUR/USD is currently trading at 1.0768
Market News
All News-
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...
