EUR/USD has moved higher on Thursday, as the euro continues to take advantage of dovish comments by Fed chair Janet Yellen on Wednesday. The pair is trading in the mid-1.3860 in the European session. Today’s sole Eurozone release, German PPI, declined last month, as Eurozone inflation indicators remain weak. In the US, we’ll get a look at Unemployment Claims and the Philly Fed Manufacturing Index later in the…Continue
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