The EUR/USD moved higher on Thursday but was unable to recapture the 20-day moving average at 1.1232. Support on the currency pair is seen near the
The EUR/USD moved higher on Thursday but was unable to recapture the 20-day moving average at 1.1232. Support on the currency pair is seen near the 50-day moving average at 1.1136. Momentum on the currency pair remains negative with the MACD (moving average convergence divergence) index printing in the red.
German Ifo business confidence unexpectedly improved in September. The current conditions index actually dipped. Overall readings remains at high levels and the diffusion index showed that optimists now outnumber pessimists across all sectors.
David Becker focuses his attention on various consulting and portfolio management activities at Fortuity LLC, where he currently provides oversight for a multimillion-dollar portfolio consisting of commodities, debt, equities, real estate, and more.
