Dead cat bounce in the EUR/USD

Author: Pete Jackson | Category: News

Heard that some Asian names were behind the little blip up from lows of 1.2922 to the mid/high 1.2930’s, but the downside pressure remains for now.

Some serious selling pressure remains though as EUR/GBP’s slide again through 0.8100 to day’s lows of 0.8090 weighs heavily

Equities have however pared back a lot of the earlier losses with most major indices back towards flat and the Spanish IBEX and Italian FTSE MIB bourses down around 0.25%