Dollar weakens after data

Not sure it is at all related…

Also at 12:15 GMT is the ECB fixing, so there may have been some dollar selling linked to that event rather than a reaction to the news…

EUR/USD jumped a quick 20 pips while USD/JPY clumped back below 83.00.

3 Comments

  1. Good morning Jamie. I’m sure you’ve seen this but EURUSD is in a perfect wedge on the H1 with the point ending within the next 24 hours. Can I ask your take on that please?

  2. Was that spike an over reaction, looks like any rally in EUR is sold again – I guess from all the recent news we at the tip of the turning point but the market just wants to sell the dollar at any opportunity.

  3. A CAMPAIGN urging first home buyers to take part in a “buyer’s strike” in an effort to drive down property prices is gaining momentum online.
    Spokesman David Collyer aid first home buyers would face financial ruin when their house prices fell below their debt.
    “The problem is that prices have got so far that two solid jobs and a good deposit is no longer enough to buy a house in Melbourne,” he said.
    Mr Collyer said real estate prices in the USA were still dropping five years after the property bubble burst.”People should not underestimate the significance of what is about to unfold and we think it will unfold very soon,” he said.
    http://www.heraldsun.com.au/news/more-news/first-home-buyers-strike-growing/story-fn7x8me2-1226030974559

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