Comprehensive FX and Futures Daily Commentary |
|
Daily Market Commentary EUR/USD Consolidates Above 1.30 The EUR/USD is consolidating above 1.30 as the EUR/GBP moves lower, indicating the Euro is exhibiting a relative weakness today. Weakness in the Euro currency comes as optimism stemming from last week’s EU stress test results fades and investors begin to look forward. Today’s EU economic data revealed a slowdown in German retail sales and the CPI flash came in a bp below analyst expectations. The EU unemployment rate remained unchanged at
Filed under: Technical
Latest Posts
- Daily Market Outlook
- GBP/USD: gaining momentum
- Forex - Chart NZD/USD Update: Breaks .7182 support, further drop in focus
- Aversion to risk dominated the day after Labor Day
- The Euro declined overnight
- Currency Majors Technical Perspective
- Forex Commentary: USDJPY and EURJPY price action 9-7-10
- Second-Quarter Real GDP Growth - Germany vs. the U.S.
- New York Session
- U.S. Forex Market Commentary
- U.S. Forex Market Commentary
- Forex Weekly
- GBP/USD; High Grade Copper; Wall Street Cash
- EU Stress Test Questions Pressure Euro, USDJPY Probes Fresh 15-Year Low
- The enigma of productivity in Canada