EUR/USD managed to stage a gradual recovery reconquering the 1.3830 line. Less than impressing inflation figures from the euro-zone capped further significant advances. A wide range of FOMC speakers, including Yellen, as well as US housing data will set the tone later in the day.
Here is a quick update on the technical situation, indicators, and market sentiment that moves…Continue
EUR/USD continues sliding, following the gap lower in the wake of the new week. The comments from Draghi tying the exchange rate to monetary policy still echo and markets are still digesting the US retail sales number. Was it good enough? There is no rest for markets, as the German ZEW figure is coming soon, as well as a speech from Fed Chair Janet Yellen.
Here is a quick update on the technical…Continue
EUR/USD made an impressive comeback, breaking above the downtrend channel. Will the ECB talk the euro down, or is 1.40 the next target? Final CPI numbers and an important German survey are the highlights. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD.
The pair was already advancing nicely when the …Continue
No mercy for the US dollar. EUR/USD continues higher and has already topped 1.39. The pair continues in the same pattern of rising, pausing and continuing higher, without any real pullbacks. The dovish FOMC minutes continue weighing and the rise of the euro continues despite unimpressive inflation numbers from the old continent. To close the week we have the US PPI and consumer confidence. Can 1.40 be…Continue