EUR/USD Forecast Met; Focus Now On Further Upside Momentum
Dear Traders, We got what we were looking for in yesterday’s analysis: A breakout in the EUR/USD. The euro broke out of its narrow trading range and surpassed the 1.1445-barrier. Our long entry has thus proved a success. We are now looking for additional upside in this pair and look at higher targets at 1.15, […]
Will Payrolls Hurt Or Help The U.S. Dollar?
Dear Traders, It’s payrolls day and the euro already started to show some bullish price action ahead of the highly anticipated U.S. jobs report. In our analysis of Thursday we highlighted the chance of a bullish continuation in the EUR/USD and this is precisely what has happened yesterday. The euro was Thursday’s best performer and […]
Market Is Running Out Of Steam; Focus Now On ISM And NFP Data
Dear Traders, The FOMC minutes have turned out to be a non-event for traders and failed to lift the U.S. dollar. While the Federal Reserve referenced the hawkish shift in its QE plans, the FOMC was split on the timing for their balance sheet reduction. Moreover, there were some inflation concerns in the statement while […]
Yen Serves As Safe Haven On Korea Worry; Euro And Pound Unmoved
Dear Traders, Nothing much has changed in the EUR/USD and GBP/USD while a holiday trade was clearly in effect on Tuesday. Other currencies, such as the yen were sought as a safer haven after North Korea said Tuesday it successfully test-fired an intercontinental ballistic missile, escalating tensions between North Korea and the U.S. The political […]
Dollar Strengthened Amidst Quiet Trading Environment
Dear Traders, The U.S. dollar regained some strength and rose against the euro and British pound Monday. However, yesterday’s rebound in the dollar is still not significant enough to alter the technical outlook, thus far. The euro fell toward 1.1350 and with U.S. markets being closed for the Independence Holiday today, we expect the EUR/USD […]
Profitable Trading Month June
Dear Traders, The euro and British pound extended their rallies and further strengthened against the struggling U.S. dollar. With the European Central Bank and the Bank of England gradually shifting the tone toward a more hawkish stance, the euro and pound benefited against the greenback. The EUR/USD approaches 1.15 and if U.S. key inflation data […]
