Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD tracks lower in Asian trading today
Yesterday the EUR/USD fell to a low at 1.0775 after it had busted below the noted double bottom at 1.0802. That move was covered here at the time, as was the rebound that followed later in the day. That rebound saw the Euro lift back to a high at 1.0819. However, it was not able to hold that rebound into the US close. The EUR/USD closed last night at 1.0789. That daily close below 1.0800 was not very encouraging for Euro bulls, as it further endorsed the run of technically negative closes below the 200 day moving average (now at 1.0836). As you might expect trading so far today has been pretty subdued and directionally what movement there has been has been to the downside. The EUR/USD has set an interim low at 1.0774 this morning and it is not far above that just now. The Euro is going to react later on, when that US PCE data hits the screens and there will be more to add ahead of that release and after it. The EUR/USD is currently trading at 1.0778
Market News
All News-
Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
