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EUR/USD recovers Trump dump
Yesterday, as covered here in a number of updates, the EUR/USD continued to probe the topside and that led to a session high yesterday afternoon, at 1.0529. However, it could not hold the gain and fell back into the 4pm London fix. It did later rebound though and pushed up from around 1.0475, to set a US close at 1.0495. However, later yesterday evening the dollar surged on those Trump comments and that saw the Euro dump, hitting an Asian session low at 1.0425. It has bounced off that low now, but not so much as to recapture the 1.05 handle again yet. It looks like we could be in for some more choppy price action today. Overall, the positive dollar trend remains intact, but we shall have to see, if that is just on hold until the month-end is out of the way. The high seen since the earlier low has been set at 1.0491. The EUR/USD is currently trading at 1.0478
Market News
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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...
