Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
US/Europe divergence continues to support the Dollar- EUR/USD near session lows again
Now that the US stock markets have reopened, you can see the earlier indicated downside across those markets has not exactly played out as bad as it might have been on the opening. Of course that might change as the session develops, but what is clear; is that the reasons that have led the European markets lower this week and again today do not necessarily apply to the US. That is clearly well demonstrated by the falls in the EUR/USD right now. It is under pressure and just now retested the session lows again and actually set a new low at 1.0669. It is above that low now, but for the time being it looks like any rallies will get stamped on, unless that equity/risk dynamic changes. The EUR/USD is currently trading at 1.0677
Market News
All News-
Nasdaq 100 continues to lead the way as the 4pm London Fix approaches
As the 4pm London FX fix approaches, the dollar is just coming back from earlier highs. That saw the EUR/USD fall back to 1.1456. It was just now... -
USD/JPY unfazed by lower than forecast Richmond Fed index
The April EU consumer confidence and US Richmond Fed indexes have just been released. The markets were expecting the EU consumer to feel a little less... -
US equity markets open higher and advance in early trade -check out the Nasdaq 100
As expected and priced into the futures beforehand, the US equity markets did open higher this afternoon and despite some initial wobbly price action...
