EUR/USD rebounds

Market news

4 May 2011

EUR/USD rebounds

EUR/USD holds $1.4856 in thin market. Euro recovered with rebound on metals and stocks and vigil ahead of the ECB meeting is underway, most will await Trichet's customary post meeting press conference for a signal on when rates will be tightened next. Traders expect that it would happen in June while veterans say maybe in July. The technical objective around $1.4940/50.

Schedule for today, Thursday, May 05 2011:

Dow -86.09 at 12721.14, Nasdaq -15.45 at 2826.17, S&P -10.14 at 1346.48

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.