Euro/Dollar Stabilised at 1.1380
Yesterday’s Trading: The euro/dollar on Tuesday managed to get back its losses after falling to 1.1335 in response to strong USA ISM service sector data. In March, the ISM index for business activity...
View ArticleEuro/Dollar Still in Sideways
Yesterday’s Trading: Wednesday’s euro/dollar trading finished up. The rate restored to 1.1431 after falling to 1.1326. The UK pound was the market outsider over the course of the day and also managed...
View ArticleExpanding formation appeared
Yesterday’s Trading: The euro/dollar on Thursday closed down. The euro weakened against the US dollar after the publication of minutes from the ECB’s March meeting. The minutes indicated an inclination...
View ArticleEuro/Dollar: Target – 1.1375
Yesterday’s Trading: The euro closed up against the US dollar on Friday. The European and American calendars were empty, so market participants were focussing on stock market, bonds and oil market...
View ArticleEuro weak and could return to 1.1370
Yesterday’s Trading: On Monday trades in Europe finished around the level that the Asian session opened at. During the first half of the day the euro weakened against the dollar to 1.1371 due to a...
View ArticleEuro Stuck in a 1.1326-1.1464 Range
Yesterday’s Trading: The euro/dollar has been in a sideways since April Fools’ Day. All of the daily candles are similar to dojis with long shades for these days. The mixed dynamic of the pair...
View ArticleEuro/Dollar stabilised at 1.1260
Yesterday’s Trading: On Thursday the euro/dollar was touching the support at around 1.1233. Bouncing off the 135th gradient, the euro at one moment rose to 1.1294 after the Bank of England convened....
View ArticleExpected sideways for Euro
Yesterday’s Trading: Economic data from the US on Friday was ambiguous, allowing the euro/dollar to rise to 1.1316. The New York business activity index exceeded expectations. The index for industrial...
View ArticleEuro Corrects 38.2% to 1.1464 – 1.1233 Wave
Yesterday’s Trading: Due to a restoral of oil prices and a weakening of the USD, the euro/dollar on Monday lifted to 1.1331. Trades ended at 1.1312. The oil market pretty much fully found a way to win...
View ArticleCheapening oil to pressure the Euro
Yesterday’s Trading: The euro/dollar broke through the 1.1340 marker due to a revival of the euro/pound cross and weak US stats. Data on construction in the US turned out worse than expected, provoking...
View ArticleEuro Rate Falls Before ECB Meeting
Yesterday’s Trading: On Wednesday Tuesday’s maximum was shifted by three points and profit was fixed on long positions. Due to the strengthening of the dollar and a fall in the euro/pound, the...
View ArticleChina Proposes New Gold Standard in Yuan
According to the COT report on Friday, last week hedge funds continued to build up long positions on gold. Speculative positions on the precious metal rose to 213,807 contracts. Similar interest from...
View ArticleEuro Rate Falls Before ECB Meeting
Yesterday’s Trading: On Wednesday Tuesday’s maximum was shifted by three points and profit was fixed on long positions. Due to the strengthening of the dollar and a fall in the euro/pound, the...
View ArticlePinbar Formed on the Daily
Yesterday’s Trading: On Thursday the outcome of the ECB convening were three rates left at their former levels. The key refinancing rate remained at 0.00%, the rate for deposits was left at 0.40% and...
View ArticleExpected Return of Rate to Balance Line
Yesterday’s Trading: Due to the weakening of the euro against the UK pound on Friday, the euro/dollar dropped to 1.1216. Judging by the demand for the pound, the approaching UK referendum on the Brexit...
View ArticleEuro Stabilised at Balance Line
Yesterday’s Trading: On Monday the euro/dollar restored to 1.1279 (45th degree) due to a general weakening of the dollar. The euro strengthened against the USD despite it weakening against the GBP. The...
View ArticleEuro could fall against aussie
Yesterday’s Trading: The euro dollar on Tuesday restored 61.8% from a fall from 1.1397 to 1.1216. The euro strengthened after US stats on durable goods orders came out. The stats were worse than...
View ArticleEURUSD: Pinbar Formed on Daily
Yesterday’s Trading: By the end of Tuesday, the euro/dollar was down. In the first half of the day the USD was down against the majority of key currencies, excluding commodity currencies. The...
View ArticleThursday's Euro Target: 1.1415
Yesterday’s Trading: Wednesday’s close saw the euro down against the dollar. The pair couldn’t continue its growth after US labour market data for the private sector came out. The ISM index and...
View ArticleExpected Fall of Euro to 1.1370 Before Payrolls
Yesterday’s Trading: The USD fell on Thursday against the main currencies. In my last review I wrote that traders are correcting their positions before today’s USD employment report for April. Despite...
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