The EURUSD fell sharply after the terrible Philly Fed index (-30 vs expectations of +2). The fall is as a result of a flight into the safety of the dollar against that pair at least. Stock markets in the US and Europe are getting hit with French banks coming under particular pressure. The next target comes in now at the 1.4260 level. This is the 61.8% of the move up from the August 11th low. The bears will be looking for the 1.4309 level to hold the correction now
- USDJPY testing trendline resistance at 90.80.
- $GBPUSD consolidates the days declines
- Forex QUICK: USDCAD moves toward next target at 1.0351
- IMF hikes Eurozone GDP to 1.6% from 1.5%
- Aussie Retail Sales