Trading the News: U.S. ISM Non-Manufacturing A rebound in the U.S ISM Non-Manufacturing survey may fuel the near-term strength in the greenback and spark a selloff in EUR/USD should the report boost expectations for a 2016 Fed rate-hike. Why Is This Event Important: It seems as the Federal Open Market Committee (FOMC) is taking a similar path to 2015 as a growing number of officials endorse higher borrowing-costs, and the central bank may continue to ...
Daily price is located above Ichimoku cloud in the bullish area of the chart: the price is on ranging within the following key support/resistance levels: 1.1283 resistance located above Ichimoku cloud in the bullish trend to be resumed, and1.1122 support level located below Ichimoku cloud in the beginning of the bearish trend to be started. Descending triangle pattern was formed by the price to be crossed to below for the possible bearish reversal, Absolute Strength indicator ...
Trading the News: European Central Bank (ECB) Interest Rate Decision Even though the European Central Bank (ECB) is expected to retain the zero-interest rate policy (ZIRP) in September, a string of adjustments to the non-standard measures may trigger a near-term selloff in EUR/USD should the central bank take additional steps to support the monetary union. What’s Expected: Why Is This Event Important: ...
"No matter what the economic data is, the EURUSD is having a hard time falling. Actually, it is being bought on each and every dip and people wonder if it isn’t a wise decision to actually buy the pair and hold the position instead of shorting it. The EURUSD outlook looks bearish, though." "EURUSD Bearish on Bigger Time Frames. The reason why the EURUSD is not falling (yet!) is not that the pair ...
Euro Forecast – All Eyes on ECB: Extension of QE, or just More Wait-and-See? The European economy continues to flail, that much can be widely agreed upon without further debate. Unemployment throughout the bloc remains stubbornly above the 10% threshold, and this week, more evidence contributed to the mounting case that the March ‘bazooka’ of stimulus triggered by the ECB has yet to show any additional signs of promise for the European economy. ...
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