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EUR/USD slides after US inflation fails to fall back
The rise above 150 in the USD/JPY has been delivered with an equivalent US dollar gain versus the pound and the Euro. The EUR/USD was trading at around 1.0795 ahead of this CPI release, It has since dropped back to around 1.0725. It remains to be seen if the Euro can hold the current 2024 low, which is in place at 1.0723. The low seen just now was set at 1.0724 and the reader is reminded of a double bottom in place at 1.0723. If that gives way then a test of .0700 could follow thereafter.
Market News
All News-
BOE boss continues to add caution over UK inflation- EUR/GBP on course for a negative daily close
Following the Bank of England decision to leave interest rates unchanged at 4.5%, the BOE governor, Andrew Bailey has been speaking this afternoon... -
S+P 500 back above 5,700 this afternoon
At one point earlier today when the S+P 500 futures were pricing an opening close to 5,625, it seemed unlikely they might push back above 5,700 this... -
US stocks kick off in the red but opening losses pared- check out the Nasdaq 100 now
The US stock markets have not long ago opened for live trading and it has been an across the board lower start to the new trading session. The dollar...
