EURUSD above 1.15, stocks flat

The Euro remained above the 1.15 threshold against the greenback and it was seen somewhat higher on Wednesday during the London session. The pair managed to break above the March top and was trading at 18-month highs. 

The euro’s rally was triggered by European Union leaders striking a deal for a region-wide rescue plan, a huge step toward both recovery and a stronger union.

On the other hand, equities erased their gains from the Asian session and European traders will most likely push them a bit lower as everything good has been already priced in. 

Meanwhile, the precious metals continue to surge, with silver scoring 6% on Tuesday and another 5% so far on Wednesday. Gold also soared, printing 1,860 USD during the Asian session. Copper underperformed and was seen flat in the morning. 

Later in the day, Canadian CPI indices are due, along with US existing home sales. Since these are not-so-important data, volatility should not be elevated after the numbers.