The pattern the past few months in these times of extraordinarily low volatility has been for moves in the Euro, in both directions, to look like they want to build on momentum only to reverse. We are about to find out if this latest installment of weakness can last or will those who just sold be kicking themselves as another breakdown turns out to be false. If the pattern is to change then EURUSD can't burst higher in the coming days, ...
New home sales in the U.S. unexpectedly showed a notable increase in the month of December, according to a report released by the Commerce Department on Tuesday. The report said new home sales jumped by 3.7 percent to an annual rate of 621,000. more...
Eurozone's services sector grew at the fastest pace in three months in February, amid a broad recovery in activity across the member countries due to improved demand and employment gains, while retail sales rebounded at the start of the year driven by a jump in sales over the internet and mail orders. more...
US Dollar Forecast: Dollar Drop Crosses 12%: Can Inflation Turn the Tide Ahead of the Fed? The U.S. Dollar has been pulverized by a plethora of factors. But after a rise in July inflation, will another bump help to buck the bearish trend? Euro Forecast: EUR/USD to Stay Bid Ahead of FOMC as ECB Unveils Post-QE Game Plan EUR/USD remains bid following the ECB meeting, with the pair at risk for a further advance amid waning expectations ...
Daily -“As is the case with EUR/USD and USD/CHF, continued failure at trend extremes warrant caution although there is nothing ‘solidly bearish’ to work with just yet. Weakness below 100.51 (December 2015 high) would suggest a broader reversal.” 100.51 (2015 high) is classified as a decision point (make or break level). It’s OK to lean towards the long side as long as that level holds. Weakness below would suggest a broader reversal is ...
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