
Euro vs Dollar - Euro To Dollar Daily Chart 3rd July 2009
The FTSE 100 index is currently indicating a flat open, as traders are wait for the release of the UK Purchasing Managers service index, due out shortly. With the US off for a long weekend for the 4th of July celebrations, this might be a very quiet trading session across all the markets, but in equities in the UK the FTSE 100 will need less then 30 points to finish the week in the positive territory.
Crude oil is heading for a third week of declines after a U.S. report showed unemployment in the worlds largest energy consuming nation last month rose to the highest in almost 26 years, with the release yesterday afternoon of the monthly NFP data. The numbers were far worse than forecast coming in at -467,000 against a forecast of -360,00, suggesting that the anticipated recovery is some way off. Meanwhile in Europe the ECB kept rates on hold once again, and as expected. Adding to yesterdays sell off were traders who had been buying heavily in oil futures, on speculation that the US employment data would improve. As a result there was a flight to the safe haven currencies of the US dollar and the Japanese Yen once again.
Fixed Odds Trade Of The Day
The euro vs dollar failed to breach the 1.4200 level in the last few weeks, but another run at the number is probably on the cards in the short term despite yesterday’s fall. A one touch bet on the Euro/USD with a 6 day term and a 1.4200 trigger pays 133% ROI if correct. Good luck with this fixed odds suggestion and remember, you can find all the latest currency trading news, live news, latest prices on the currency charts, latest movements on the index charts or commodity prices, by following the appropriate links. Remember also that if you are looking for a good fx broker or fixed odds broker, then again just click the relevant link and this will take you to a new page on the fixed odds site, and good luck with this one.






