Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD unable to set weekly close above 1.0700- French polls could hamper it again today
On Friday the EUR/USD was not able to recover back above the 1.07 handle. It did rebound from the earlier session low, at 1.0671, but despite several attempts 1.07 remained elusive. The EUR/USD later closed the week at 1.0693. The news over the weekend; that the French National Rally Party, headed by Marine Le Pen has extended its lead in the latest polls, to around 36% of the vote is another worry for the Euro this week. Add that to the really disappointing PMI data last week and it looks rather toxic for the Euro right now, irrespective of whatever the latest US data has to offer. Overnight the EUR/USD has held a tight range, with 1.0684 to 1.0696 covering it so far. The Euro is currently trading at 1.0696
Market News
All News-
US JOLTS and Consumer confidence slide- EUR/USD hits fresh European session highs
The US JOLTS- Job openings report and latest Nationwide US consumer confidence index have now been released. As noted earlier, the markets were...
-
Gold holds $3,300 at the first time of asking and rebounds
A little earlier this afternoon gold fell back to set a fresh session low at $3,300.64. That low came after the metal had peaked much earlier today at...
-
Nasdaq 100 opens lower following Amazon move
Following on from the previous update looking at the fall back in the USD/JPY, the US stock markets have now reopened for live trade and it has been a...
