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Pound eventually makes headway after UK Jobs report- EUR/GBP falls to session lows
In what can only be described as a very latent reaction to the decent UK jobs report earlier this morning, the Pound has now made some progress. Earlier it seemed the currency was totally un-reactive to the data. Well, not any more. The GBP/USD has now risen to session highs, as it lifts above 1.3070 and the EUR/GBP has fallen to fresh session lows, underneath 0.8340. The move lower in the Euro is clearly the right fundamental direction, especially given the outlook for the ECB to out-cut the BOE as early as Thursday this week. The EUR/GBP is just now trading at 0.8336
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
