Slow start for Asia following the US holiday on Monday
Little change for major forex rates headling into Aisa trade. As I post is just after 9.30am in Tokyiu, and 8.30 in Singapore and Hong Kong. The USD is up…
Read More »Euro Forecast: Major Resistance Now for EUR/USD at 1.20 as ECB Meets
This Thursday’s meeting of the European Central Bank will likely end with confirmation that the ECB will do everything it can to stop EUR/USD from strengthening above 1.20.
Read More »US Dollar Analysis: EUR/USD, AUD/USD, NZD/USD Outlook
The US Dollar could be encountering key crossing points versus the Euro, Australian and New Zealand Dollars. What are traders looking out for?
Read More »EUR/USD Weekly Forecast: Awaiting Breakout From Monthly Range
EUR/USD holding patten as markets await September breakout. US Dollar selling the dominant theme.
Read More »EUR/USD Price Analysis: The next major resistance is still some way off at 1.2042
EUR/USD has had an impressive run of late but on Friday it was some of the other major counterparts that outperformed against the greenback. Looking a
Read More »EUR/USD Forecast: August Low Remains on Radar Following Fed Symposium
The August low (1.1696) remains on the radar for EUR/USD as the Relative Strength Index (RSI) retains the downward trend established earlier this month.
Read More »Euro Forecast: EUR/USD Rally Fading, Will European PMIs Rekindle Bulls?
The Euro’s rally versus its major peers has been fading since the EU Summit deal.Attention is turning to next month’s ECB meeting. Will rosy European PMIs rekindle EUR/USD’s rise?
Read More »EUR/USD Price Analysis: Bearish RSI divergence on the daily chart
EUR/USD’s daily chart shows a bearish RSI divergence. The pair looks to have carved out a temporary top above 1.19. EUR/USD fell by nearly 0.80% on W
Read More »EUR/USD Rally Pushes RSI Into Overbought Zone Ahead of FOMC Minutes
It remains to be seen if the FOMC Minutes will derail the EUR/USD rally as the Relative Strength Index (RSI) climbs above 70 for the fourth time this year.
Read More »EUR/USD Rally Continues to Be Accompanied by Extreme RSI Reading
The extreme reading in the Relative Strength Index (RSI) is likely to be accompanied by a further appreciation in EUR/USD like the behavior seen in June.
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