Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
EUR/USD steadies above 1.1050 ahead of ISM report this afternoon
On Friday the EUR/USD closed out the month right on its worst levels of the week, at 1.1047. Yesterday it did not make much headway and that was probably due to the US holiday. The Euro has now steadied though, since the low seen last week, at 1.1042, but it has not exactly impressed anyone and it seems there was a decent amount of month-end dollar demand and that completely derailed the rally beyond 1.12 in the EUR/USD. Today it is all about the US ISM manufacturing data (2pm GMT) and there will be more to add on that later this morning. Meantime, the overnight range in the EUR/USD has been tight, with 1.1054 to 1.1073 covering it. The Euro is currently trading at 1.1059
Market News
All News-
USD/JPY on the drift lower again as markets wait nervously
Earlier this afternoon the USD/JPY dropped back below the 148 handle, basing out around 147.87. An attempt to rebound off that low has just now given... -
US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
