Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD trades below 1.11 as the dollar surge extends
As the charge higher in the dollar continues right now, the US currency has continued to make rapid gains following the tariff news covered here earlier. That has seen the USD/JPY lift close to the 148 handle right now. The EUR/USD has taken out the 1.11 handle for the first time since peaking at 1.1573 last month. So, in respect of this rebound in the dollar we can now see the first technical correction level comes much closer into view. That is at 1.1026 and it represents a 38.2% correction of the whole upside move, from 1.0141 to 1.1573. The only question to ask right now; is this 90 day reprieve the extent of the good news for global and US/China trade? Well, that is hard to answer right now, but for sure that 1.1025 level is on the radar for the EUR/USD now this week. It is currently trading at 1.1113
Market News
All News-
US equity futures get another boost-this time from the Fed- check out the S+P 500 now
The comments from the US Fed governor Chris Waller have not been lost on the US stock futures. Of course they had gotten a boost earlier from the...
-
Canadian retail sales miss estimates- USD/CAD rises towards session highs
The latest (April) Canadian Retail sales data has just been released. The markets were expecting an increase of 0.4%, compared to a rise of 0.8% in...
-
US Philadelphia Fed index misses forecasts but USD/JPY lifts
The June reading of the US Philadelphia Fed index was expected to improve from the -4 reading posted in May. The forecast was for something around -1...
