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EUR/USD having opened lower, steady early; orders noted

By   || July 2, 2009 at 06:02 GMT
|| 2 comments || Add comment

EUR/USD having sold off marginally in Asia,  is seeing very steady early European trade, infact it’s barely budged, presently at 1.4120.

Main foci today,  ECB meet and  US non-farm payroll/unemployment data. Could well be relatively quiet ahead of those two.

Ahead of that at 09:00 GMT we have euro zone May unemployment, expected 9.4%, up from 9.2% and May PPI expected +0.1% m/m, -5.6% y/y.

Sources report some buy orders lined up at 1.4080/00, sell orders up at 1.4180/00.

S&P futures off a few points, European stocks set to open lower, which will be helping limit upside at the present time.

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Category: All, Central Banks, Economy, Europe, Mkt News, Mkt Talk, Regions
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2 Responses to “EUR/USD having opened lower, steady early; orders noted”

  1. fxtradr on July 2nd, 2009 07:48 GMT

    Hey Gerry,

    What data do you check to see if the European stocks are set to open higher or lower? Futures? I have no idea and was hoping you could point me in the right direction.

    Thanks, Jack

  2. Gerry Davies on July 2nd, 2009 08:15 GMT

    Hi Jack, I pick it up from reuters newswire who tell you where futures trading before the open. we’re in the process of changes to our site, which will include various market price feeds. i’ll try and get european stock futures included.

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