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The Bank of Canada is expected to keep rates unchanged. Yet the pair has pushed higher with the overall US dollar bullishness in trading over the last couple weeks. The price stalled right near the 61.8% of the move down from the 2015 high to the 2015 low at the 1.24845 level The 50% and the 100 day MA come in at the 1.2371-76 area. This will be a key level. Before that key level, there is another interim support level. ...
The EUR/USD had a stellar month in April closing in the 1.12 level after the ECB kicked off its stimulus program and data started printing a bit better than in previous months. Greece continued being a thorn in everyone’s side. The euro is expected to trade flat or a bit weaker in April as US data should start to print a bit stronger. In Spain and Italy, the export-led recovery has boosted industrial production and is starting to spill over into the broader economy, while deflationary tailwinds ...
Maximilian Lenz (1860-1948) A Song of Spring 1913
Sunset in Bali, Uluwatu
The EUR/USD closed the week at 1.1199 after touching a two month high. The dollar extended its gains against the pound from Thursday’s session after weaker-than-expected manufacturing report. It has recovered most of its losses from earlier in the week. Economic data released Thursday showed Chicago-area manufacturing activity expanding for the first time in three months, weekly jobless claims falling to their lowest level in 15 years, and a larger-than-expected increase in a closely ...
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