EURUSD continues to surge above 1.4400, a series of stop loss buyers executed over 1.4320.

[RTFX-Trading]

The EURUSD continues to surge above 1.4400, a series of stop loss buyers executed over 1.4320.

The health of the manufacturing sector in the U.S. is also up strongly in July, its activity index rose to 48.9 in July, it is up to its highest level since August 2008. The new orders component was 55.3, the highest since July 2007. The employment rose to 45.6, back to its level in August 2008.

The EURUSD is trading now above 1.4400. A lot of stop loss buyers were executed above 1.4320 (see Morning briefing). The dollar is lagging, down to 1.0588 against the Swiss franc, 1.6893 against the pound sterling. The "carry trades" have clearly improved.





Nicolas Longchamp

RTFX Ltd
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