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U.S. dollar continues to gain, though momentum has softened a bit. EUR/USD is trading just above the three-month range support (and March low) near 1.2150. Nothing of note is expected from the ECB tomorrow but increased participation around such an event could drive the pair either way. A successful downside break would target 1.20 - 1.21 area initially. Otherwise, 1.23 - 1.2330 area will be revisited.
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EUR/USD breaks above 1.25 but pulls back sharply
As expected, ECB kept policy steady. Draghi didn't try to talk down euro, which gave it another boost higher. Later, U.S. president Trump backtracked on what Mnuchin said a day earlier, saying that ultimately he "wants to see a strong dollar", which prompted a round of profit taking among U.S. dollar bears. EUR/USD already recovered half of that fall and appears ready to retest 1.25.
EURo lower to start the week
Euro opened marginally lower today with Catalan crisis still simmering. ECB meet this week and are expected to scale down asset purchase program while extending it through the next six or nine months. A dovish surprise seems more likely than a hawkish one.
50 DMA is acting as a resistance since late September. Potential head and shoulders top with the neckline near 1.17 projects towards 1.13. The neckline is reinforced by 100 DMA ahead of the next stronger support at 1.1615.
50 DMA is acting as a resistance since late September. Potential head and shoulders top with the neckline near 1.17 projects towards 1.13. The neckline is reinforced by 100 DMA ahead of the next stronger support at 1.1615.
EURo posts a new cycle-high after ECB meeting
ECB seem to be in no hurry to continue scaling back its asset purchase program, though Draghi said they'll likely do so in October. Growth forecasts were revised higher and inflation forecasts lower, which may keep euro appreciation pace contained.
Unwinding of so called Trump trade is what is also driving EUR/USD gains. The pair posted another cycle-high this night, continuing its slow but steady grind higher. It's possible that there will be no significant retracement until some kind of a capi…
Unwinding of so called Trump trade is what is also driving EUR/USD gains. The pair posted another cycle-high this night, continuing its slow but steady grind higher. It's possible that there will be no significant retracement until some kind of a capi…
EURo perky into ECB decision
ECB meets today and, even though they may not like euro appreciation, they can't do much about it because it's a function of economic recovery in Europe relative to other regions. Any short-term weakness will likely be seen as a buying opportunity.
EUR/USD is trading just below 1.20 as we head towards the decision. 1.18 - 1.1825 is the first stronger support before 1.1650 - 1.17. On the topside, August high (1.2075) is the initial target before 50% retracement of the 2014 - 2016 decline (1.2160)…
EUR/USD is trading just below 1.20 as we head towards the decision. 1.18 - 1.1825 is the first stronger support before 1.1650 - 1.17. On the topside, August high (1.2075) is the initial target before 50% retracement of the 2014 - 2016 decline (1.2160)…
Blog 20/7: Volality in ECB press conference today
Hi Traders,
EUR has increased since begining of the year and now price is standing at resistance area. There is a ECB press conference going to hold today. I think price may be high volality ahead and during the press conference because thin liquidity in short-term and stop loss and take profit order. So I decide to do not trade till this friday.
EUR has increased since begining of the year and now price is standing at resistance area. There is a ECB press conference going to hold today. I think price may be high volality ahead and during the press conference because thin liquidity in short-term and stop loss and take profit order. So I decide to do not trade till this friday.
04/06/2017
This week offers two major events, the ECB meeting and UK elections.
The ECB is expected to rebuff recent CPI strength, arguing that it has been due to a combination of factors. May’s CPI weakening to 1.4% and 0.9%, headline and core, respectively, gives sense to ECB officials recent reiterations that interest rates will remain at present or lower levels if needed.
Though, the ECB may signal intentions of tweaking asset purchases next year from the actual level of EUR60B. If not in this meetin…
The ECB is expected to rebuff recent CPI strength, arguing that it has been due to a combination of factors. May’s CPI weakening to 1.4% and 0.9%, headline and core, respectively, gives sense to ECB officials recent reiterations that interest rates will remain at present or lower levels if needed.
Though, the ECB may signal intentions of tweaking asset purchases next year from the actual level of EUR60B. If not in this meetin…
Важные индикаторы на сегодня
2:45pm
EUR Minimum Bid Rate
0.00%0.00% -> 0.25%
Actual > Forecast = Good for currency;
_______________________________
3:30pm
EUR ECB Press Conference
USD Unemployment Claims
258K268K - > +272K
Actual < Forecast = Good for currency;
EUR Minimum Bid Rate
0.00%0.00% -> 0.25%
Actual > Forecast = Good for currency;
_______________________________
3:30pm
EUR ECB Press Conference
USD Unemployment Claims
258K268K - > +272K
Actual < Forecast = Good for currency;
Технический анализ на 08.12 - GBP/USD
GBP/USD: прогноз пересмотрен с бычьего на нейтральный – пара торгуется в диапазоне 1.2480/1.2750. Бычья фаза, которая началась в прошлую пятницу, закончилась пробоем 1.2630 вчера (мы советовали фиксировать частичную прибыль на 1.2770). Текущее движение рассматривается как начало нейтральной фазы консолидации, скорее всего, в широком диапазоне 1.2480/1.2750.
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EURo at an important support area
As widely expected, the ECB left its policy unchanged and only marginally upgraded GDP growth forecasts. Draghi once again pledged to maintain interest rates at current or lower levels for an extended period of time, well beyond the horizon of asset purchases.
Technically, the euro has been straddling the December - May trendline which is reinforced by 200 DMA and 50.0% retracement of the December - May uptrend. If the area holds, we may see a retest of 50 DMA in the days/weeks ahead. April low …
Technically, the euro has been straddling the December - May trendline which is reinforced by 200 DMA and 50.0% retracement of the December - May uptrend. If the area holds, we may see a retest of 50 DMA in the days/weeks ahead. April low …