-
EUR/USD, sandy hurricane keep bears/bulls at bay
Markets were painfully slow throughout the US session, with the closure of both the New York stock exchange and bonds markets not helping to build any momentum in EUR/USD, which trades a tad firmer above 1.2950, courtesy of European bids, from 1.2885 day lows. Nonetheless, 1.30 is still faced overhead, sign of an undefined market. Looking forward, the worst of Hurricane Sandy seems to be behind us now, and both the NASDAQ and NYSE have announced they are intending to resume trading on Wednesday October 31. On the fundamental front, traders found no inspiration to move neither Euros nor US Dollars, and focus now ... (full story)