Forex news for US trading July 24, 2015:
– Gold up $8 to $1098
– WTI crude oil down 33-cents to $48.12
– S&P 500 down 22.5 points to 2049
– S&P 500 down 2.2% on the week
EUR/USD was soft coming into US trading because of soft PMIs in France and Germany. The low came just as US traders arrived and sold the pair down to 1.0925 but there were bids lurking down to 1.0920 and a very slow, steady reversal got underway to 1.0975.
