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Forex: EUR/USD closes below 1.3000 as German PMI data disappoints

The EUR/USD was unable to hold the 1.3000 support pivot after the German PMI print (47.9 actual vs. 49.0 est.) came in below expectations. The correlation between the EUR/USD and stocks continues to decrease as both US and European equities shrugged off the data and finished the session sharply higher.
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Forex Flash: We believe sentiment regarding Gold has become to bearish – Nomura

The gold market was unable to continue its previous 5 day winning streak, closing down 0.91% at 1412.70. Some analysts are looking at sentiment figures and the options market for keys to the next move.
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