Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
EUR/USD upended by surprisingly strong US payroll gains and EU election results
As reported here on Friday, the news that US payrolls unexpectedly grew by 272k in May sent the dollar charging higher and that completely upended the Euro. Eventually the EUR/USD fell back to a low at exactly 1.0800 and subsequently closed for the week right on that low, at 1.0801. The news over the weekend; of a lurch to the far right in the EU elections has unhinged the EUR/USD some more. So, now it has fallen to below 1.0750 earlier today. That means it has taken out its 200 day moving average this time (now at 1.0789). The low seen so far today has been set at 1.0748. The earlier high was set at 1.0809. The EUR/USD is currently trading at 1.0755
Market News
All News-
Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
-
DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
-
Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
