Dead cat bounce in the EUR/USD

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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%


All|Economic Data|Europe|Regions


Pete Jackson


  1. DAX completely erased the drop since open… do Germans care about their own economy at all? I thought both their PMI and business confidence were down sharply.

  2. Dead cat bounce for equities too?

  3. They were, i think the market just believes in Germany in the long run and the IFO comments diluted the impact of the poor data

  4. strong rebound towards 1.3 in the afternoon, with Draghi speech and strong american datas

  5. Super Mario speech ;) Blablablablabla as usual ;)

  6. Exactly!!! This should be…this should be…we expect…we want…

  7. I also expect a bounce today as we have a trendline support around 2920.

  8. Absolutely right Pete….downgrade rumblings out there again though, so beware everyone

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