EUR/USD remained steady, as the markets are in a holding pattern prior to the ECB meeting on Thursday. The central bank is widely expected to lower interests rates from the present 1.0% level. Last week’s euphoria has quickly given way to market uncertainty as to whether the new measures outlined at the European Summit will resolve the crippling debt crisis. The markets are also waiting for key US employment data on Friday, including Non-Farm Payrolls and the Unemployment Rate. There was some good news as Euro-zone Retail Sales posted a 0.6% gain, well above the market forecast. In the US, the markets are closed on Wednesday for the Fourth of July holiday.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-july-4-markets-anxiously-await-ecb-rate-decision-us-employment-releases/"]EUR/USD - Markets Anxiously Await ECB Rate Decision, US Employment Releases[/URL][/I][/B]
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