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On Friday the EUR/USD fell back when the US jobs report hit the screens. That was a logical reaction and it was all about the US dollar. The EUR/USD was trading around 1.0310 leading into that jobs data and it crumbled immediately to 1.0215. A rebound from there to 1.0278 was not sustained and rightly so, given the US jobs numbers. The EUR/USD later closed in the US at 1.0244. Today it has fallen to a new 2024 and 2025 low at 1.0208. That is also the lowest for the Euro since November 2022. The earlier Asian session high was set at 1.0250. The reason the Euro has not cracked the 1.02 handle yet today probably owes much to the price action in the USD/JPY. So, if the dollar there does recover again, it will surely add more downside pressure on the EUR/USD. The outlook remains negative in terms of the trend, but as reported many times recently, the downside is often quite hard fought. The EUR/USD is trading right now at 1.0228
Earlier this morning an update here noted that German defence sector stocks were fuelling another push higher in the DAX. Well, since that update the...
The USD/JPY is right now very close to the earlier Asian session low at 151.48, which came after the latest Japanese GDP data beat estimates. The move...
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a...
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