Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
EUR/USD sets a positive daily close above 200 week moving average
Yesterday the noted rise above the 200 weekly moving average (still in place at 1.1064) in the EUR/USD later extended after the European close and that saw the the Euro reach a new 2024 high, at 1.1086. The EUR/USD later closed the US session at 1.1085. Today it has not made much in the way of further progress yet, topping out earlier at 1.1088. It has backed off slightly ahead of the latest German PPI data. The low seen this morning has been set at 1.1073. That data has just this minute been released and it has exactly matched estimates on a monthly and annualised basis , rising by 0.2% and falling by 0.8% respectively and so far the EUR/USD is unmoved by that report. The overall direction remains technically positive given that close last night and the next level of note remains the December 2023 high, at 1.1139. The EUR/USD is currently trading at 1.1076
Market News
All News-
Nasdaq 100 slides below 18,500
Well, so much for the higher opening for the Nasdaq 100 earlier this afternoon. The push back above 18,900 looks some way off now, as the index... -
Now risk aversion takes hold of the USD/JPY as US yields fall back again
Well, you were warned about the price action likely to be seen in the USD/JPY this afternoon and it sure is volatile and since the last update noted... -
US stocks slide further into the red- S+P 500 falls below 5,450
As just mentioned in the previous update, the US stock markets have turned sharply lower since opening this afternoon. Hence we now have a fresh...
