ECB and PEPP in focus
USD is gaining for a fourth straight day today, after moving modestly higher yesterday. EUR found support at the mid-August high and 50-day SMA around 1.18 ahead of the ECB…
Read More »Data deluge
Overnight Headlines *USD ended the day modestly lower, closing at 92.62 *US stocks retreated from record highs amid mixed data *Oil prices backed off four-week highs, OPEC+ meeting today *Australian…
Read More »EUR/GBP Aims Lower: Q2 Top Trading Opportunities
In early February, the Euro breached support which had confined its losses against the British Pound back to mid-May 2020, opening the door for a deep selloff that brought the…
Read More »US Market Open – Mixed data but USD holds up
USDIndex, H1 US Retail sales fell -0.7% in December and declined -1.4% excluding autos, much weaker than projected. November sales dropped -1.4% (was -1.1%) with the core rate off -1.3%…
Read More »EUR/GBP retreats from 0.9000 with the pound firming up
Euro’s recovery from week-lows at 0.8860 has been rejected at 0.9000 and the pair pulled back to 0.8960 area on Friday, on track to close the week wit
Read More »EUR/GBP rallies to 0.9100 area and turns positive on the week
The euro has pared previous losses on Friday after bouncing from 0.9000 lows earlier this week and appreciate about 0.7% on the day returning to 0.910
Read More »GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Eyes Brexit Latest
GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.
Read More »Euro Forecast: EUR/USD Outlook Murky Ahead of Crucial EU Summit
EUR/USD and EUR/GBP can be expected to tread water ahead of the European Council meting that starts Thursday and will discuss both the Covid-19 pandemic and EU-UK relations post Brexit.
Read More »FX Update – September 23 – Day 3 of Dollar Gains
EURUSD, H1 The Dollar is up for a third consecutive day, even managing gains against the Yen as global stock markets lifted out of recent correction lows. Solid US data…
Read More »FX Update – September 11 – Pound finds respite at lows
EURGBP & GBPUSD, H4 The Dollar and Yen remained on a softening tack, the Pound hit fresh lows before paring losses, while the Euro and Dollar bloc currencies occupied…
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