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German ZEW falls to lowest in 2 years- EUR/USD slips
The August German ZEW index has just been released and it has come in lower across the board. The index has come in at 19.2 compared to an expected reading of 32. All the other components have come in below estimates too and this is the lowest reading for the index in over 2 years. The EUR/USD has dropped back on this news, but in real terms not by that much yet. However, make no mistake, this was not a good report today and the Euro will do well to entirely shrug this data off. The EUR/USD is currently trading at 1.0816
Market News
All News-
EUR/GBP pushes to highest level since April leading into the 4pm London Fix
The major FX markets are still very much rangebound this afternoon ahead of some key data events over the next couple of days. That said, the EUR/GBP...
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US stocks open modestly but not the Nasdaq 100
The US stock markets have just reopened and it has been a lower start to the first live session of the week, but certainly not as low as priced into...
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EUR/USD again balks at 1.1700
The rebound in the EUR/USD this morning took it back very close to the 1.1700 handle again. However, it could not get above that level and in fact...
