The EUR/USD has certainly been in bear mode over the last few weeks as the USD has been finding some strength. This week all the focus is on central banks. We have interest rate announcements from both the FOMC and ECB, which will shape the direction of markets. Read More on eurusd.co
The USD to Get a Boost from Tax Reform
It was a wild ride last week for the EUR/USD, with choppy market action. Some headlines regarding US Donald Trump and his relationship with Russia spooked markets, although it was eventually proven that the claims were unfounded. This week we face non-farm payrolls and the continued progress of US President Trump’s tax reform. Read More on eurusd.co
The EUR/USD Turns Bullish With USD Weakness
It might have been a short trading week with Thanksgiving in the US, however markets decided to get busy early on. The weak USD was really the story of the trading week as the FOMC minutes were dovish and have cast doubt on future rate rises. There is some important data out this week including Eurozone CPI which will help shape the trading week. Read More on eurusd.co
Central Bank Watch for the EUR/USD
It was a very action packed week for the EUR/USD as the big downtrend that we’ve been on abruptly changed course. The buyers came in with a rush and took control, pushing the Euro right back to the top of its previous trading range. This week central bank minutes will be the focus in what will be a shortened trading week, because of Thanksgiving in the US. Read More on eurusd.co
CPI the Key Driver of the Euro
Last week was a quiet week for forex traders as economic data was lighter than usual. That’s about to change as we have some major data that is going to drive the EUR/USD. There is CPI data out from the Eurozone and the US which will shape the direction of trade, while a special ECB conference will also potentially ruffle some feathers. Read More on eurusd.co
The EUR/USD Poised to Break Key Support
Last week was a big one on the news front as we had the FOMC and non-farm payrolls out of the US. The EUR/USD kept on sliding and that has been good for us as we have been able to take out some of our profit targets in the last few weeks. However we are putting in a bit of a base at the moment and there is some chance of a period of consolidation this week. Read More on eurusd.co
FOMC to Drive the USD This Week
It’s been a wild ride on forex markets last week as we have been dealing with hurricanes in the US and North Korea continuing to pose a threat. Over the weekend tensions seemed to fade as there have been no more headlines from Kim Jong-un, which leaves markets to get back to business as usual. This week we have yet another instalment from US Federal Reserve Chairman Janet Yellen as the FOMC releases its latest interest rate decision. Read More on eurusd.co
Will the USD Continue its Slide?
The EUR/USD really started to get fired up last week and it’s no surprise that we are looking for a test of the highs. The ECB meeting was the spark that traders were waiting for and even though there was no talk of an immediate taper to QE, Mario Draghi appeared to be bullish enough to get the Euro rallying up above the 1.2000 mark and beyond. Read More on eurusd.co
Will the USD Continue its Slide?
The EUR/USD really started to get fired up last week and it’s no surprise that we are looking for a test of the highs. The ECB meeting was the spark that traders were waiting for and even though there was no talk of an immediate taper to QE, Mario Draghi appeared to be bullish enough to get the Euro rallying up above the 1.2000 mark and beyond. Read More on eurusd.co
EUR/USD Looking to Regain Momentum Ahead of the ECB
The EUR/USD really started to get things going last week, before running into some trouble on Friday when the USD strangely rebounded after a less than impressive nonfarm payroll number. And just when we thought things might quieten down, North Korea have tested a hydrogen bomb over the weekend which has sent the safe-havens rallying once again. Read More on eurusd.co