EUR/USD is firming up in its afternoon range, the top of which is around 1.4520, getting a lift from a strong rebound and gold and an extended rebound in equities. The S&P has recovered the bulk of yesterday’s losses and is up 0.8% on the day. Gold is at $1137.50 after dipping to $1120 late in London.
Price action has been manic in EUR/USD today. Perhaps comments from the ECB tomorrow will give us a bit clearer directional bias, though I doubt it.
