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EUR/USD reclaims 1.05 handle
The dollar has just now fallen back and that has seen the GBP/USD and EUR/USD rebound again. The EUR/USD has just now reclaimed the 1.05 handle and so far come close to 1.0520. The move higher has been quite sharp, but there seems to be no news based catalyst to attach this to. It could be due to some month end outflow on the dollar, but that is far from certain at this stage. Perhaps, if the Euro lifts above the highs seen yesterday (1.0529) it might extend some more. We shall have to see on that. It is currently trading at 1.0512
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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...
