Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD reverses earlier rise as speculation mounts on 0.50% December cut from the ECB
Earlier this morning the EUR/USD pushed to fresh session highs, rising to a high at 1.0571. Well, it has reversed that move now and more and just now hit a fresh European session low at 1.0536. If you care to to look at a short-term chart of the price action, you will see the reversal has been pretty steep over the past 30 minutes or so. The reason for this is probably due to the recovery in the USD/JPY and the push higher just now in US yields. There have also been some comments from an ECB official (Makhlouf) which has led to speculation of a 0.50% rate cut from the ECB next month, on December 12. The EUR/USD is currently trading at 1.0539
Market News
All News-
Bitcoin vaults 99k but can it reclaim 100k?
The price action across the dollar is mixed now and since the last update here that has seen the Yen rise even further. The GBP/USD and EUR/USD might... -
Well pick the bones out of that- EUR/USD falls back with GBP/USD
So, the initial reaction to the US jobs data saw the dollar fall sharply. As reported on, that dive sent the GBP/USD above 1.28 and the EUR/USD above...
-
US stock futures on the rebound as US yields slip- S+P 500 set open higher now
The US equity market futures are all in the green right now and pointing to a slightly higher opening in around 30 minutes. The gains look pretty...
