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The EUR/USD has just now taken out the previous session low at 1.0208. The Euro has fallen below the 1.02 handle a moment ago too. The low seen has been set at 1.0178 as US yields press higher again and the 10 year yield nudges that 4.80% level once more. The further fall in the euro was not unexpected here and it comes as the GBP/USD hits a fresh 2025 and session low at 1.2105. The EUR/USD seems to have tripped potential option based stops, below 1.02 as it slides further this morning. The EUR/USD is currently trading at 1.0187
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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