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Once again the EUR/USD fails to take full advantage of US data
Granted the EUR/USD is a little higher following the weaker than expected US ISM report, but given how weak that data was, the Euro has really failed again to make much headway yet. Perhaps that will come as the afternoon progresses, but right now the upside reaction can only be described as tepid. The same applies to the GBP/USD as well for that matter. So, unless the EUR/USD can invite some buyers, it remains at risk of another relapse and this time, if that happens, it might not stop just underneath the 1.0800 handle. The EUR/USD is trying to pick up a bit now though, but overall I am rather disappointed by the reaction thus far. The EUR/USD is currently trading at 1.0818
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A fishing analogy for FX trading- Check out the EUR/USD again right now (corrected)
Here in the UK a lot of inland fishing waters have what is known as a Catch and Release policy. That means whatever you catch you must put back alive... -
A fishing analogy for FX trading- Check out the EUR/USD again right now
Here in the UK a lot of inland fishing waters have what in known as a Catch and Release policy. That means whatever you catch you must put back alive... -
FTSE 100 falls below 8,700 as DAX comes under further pressure
The US stock futures are not the only equity markets feeling the heat from all that has transpired most recently across the markets. The European...
