Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD steady inside persistent range
On Friday the EUR/USD initially reacted positively to the lower than expected US PPI data. That saw the Euro lift from below 1.0940, to around 1.0985. However, it was not able to sustain the rise and slipped back into the 4pm London fix. The EUR/USD later closed the week at 1.0951. It has held its ground so far today, buoyed by gains in the EUR/JPY, as noted a little earlier. The range has been tight though, as one might expect with the US markets closed later today. So, it has been covered by 1.0941 to 1.0968. Looking at the charts since Thursday, we have a series of slightly higher lows, but that will be snapped, if the EUR/USD falls below 1.0935 at any point today. Beyond that, the EUR/USD is still inside the broader 1.09-1.10 range outlined here earlier last week, before the latest US CPI report surprised to the upside. The EUR/USD is currently trading at 1.0957
Market News
All News-
Gold buyers jump back in after PCE data
As covered here earlier this morning, Gold suffered a bit of a relapse and that saw it fall back from the earlier record high, at $3,085.96, to a low... -
Not much of a positive PCE reaction in US equity futures-check out the Nasdaq 100
The US equity futures markets have taken a long hard look at that US PCE data and seemingly not liked it too much. To be honest it was pretty benign... -
US February PCE price index beats forecasts but not after the revision- USD/JPY rises and falls
The eagerly awaited US PCE report is now out and it has risen above forecasts . As explained earlier, the markets were looking for the core annualised...
