Yesterday the observation of the markets looking to sell EUR/USD rallies ahead of 1.0673 was pretty much on the money. The first attempt at that level saw the EUR/USD drop back to 1.0630 and the second attempt into the 4pm London Fix saw another rebound blow out at 1.0674. The EUR/USD later closed in the US at 1.0661. Earlier today it dropped back again, but so far it has not broken any new ground on the downside. The low so far has been set at 1.0641. The range has been covered by that and an earlier high at 1.0664. The Euro is still subject to further dollar strength it seems and unless anything changes in that regard, the topside looks limited for the EUR/USD this side of the weekend. It is just now trading at 1.0651
Another important number for the EUR/USD to focus on at 3pm GMT
Leaving aside the latest ISM data due out shortly, there is also another important release due out at the same time. That is the latest JOLTS, job...
US stocks open lower- Dow Jones drops back closer 36k
The US stock markets have just reopened and it has been a negative start to the session. That might change as the afternoon unfolds and as already...
Nasdaq 100 futures still in the red as ISM awaits
The US stock markets will soon reopen for live trade and ahead of that opening the Nasdaq 100 futures are still in the red this afternoon. Even after...