Daily Technical Analysis. Thursday, October 26 EURUSD The Euro rose on Thursday to its highest level since the beginning of the week following the Dollar’s decline, and high anticipation of the European Central Bank Meeting today. The Market’s expectation is that the ECB announces its plans for balance-sheet management in 2018. Policy makers also hope to…
Daily Technical Analysis. Wednesday, October 25 EURUSD The Euro saw weak trading during the Asian Session on Wednesday to continue the volatility of the single European Currency since the beginning of the week, this comes as markets wait for the ECB to release its Meeting Minutes tomorrow. Today, the Eurozone Economy will release the German Business…
Daily Technical Analysis. Tuesday, October 24 EURUSD The Euro fell in Asian trading for Tuesday’s Session against the US Dollar for the third session in a row as the Dollar received support from renewed expectations for Federal Tax cuts that fueled an increase in yields on US Treasuries with a two-year Bond Yield rising to a…
Daily Technical Analysis. Monday, October 23 EURUSD The Euro fell on Monday as the Greenback recovered after support from a sharp drop in Japanese Yen, and a report on Scotiabank. The US Senate also approved the Republican-backed Vote Thursday night taking a major step towards Tax Cuts for the masses. This is likely to advance the…
Central Bank Policy Meetings Take Centre Stage This Week This new Forex Trading week begins with a series of Central Bank Policy Meetings, with the European Central Bank and the Bank of Canada. The Bank of Canada is expected to pause in its Interest Rate increases this time around and will also publish its Monetary…
Daily Technical Analysis. Friday, October 20 EURUSD The Asian trading session on Friday saw a slight decline on the single currency of the region of the European Union after it rebounded for the second session in a row yesterday. “We have followed the Eurozone economies,” ECB President Mario Draghi said at the European Central Bank (ECB)…
Daily Technical Analysis. Thursday, October 19 EURUSD The Euro saw a rise during Thursday’s session before losing a large part of its gains as volatility sustained, with growing expectations of a US Interest Rate Hike before the end of the year. Technical reading continues to show that prices are still moving within the framework of…
Daily Technical Analysis. Wednesday, October 18 EURUSD The EURUSD pair is showing some slight upward movement to offset some losses in recent sessions as the pair trades near its lowest level since October 9, following Economic Developments and Data on Tuesday from the EuroZone and the US Economy, the world’s largest economy. We have followed…
Big Data Tuesday For The United Kingdom There are no Central Bank Meetings during this week but the Federal Reserve will publish its Beige Book in preparation for the FOMC Meeting slated for October 31 and November 1. In the UK, it is a big day and a big week, with both the Consumer and Producer…
Daily Technical Analysis. Monday, October 16 EURUSD The Euro fell as the week started, after hitting a two-week high last week, as the US Dollar recovered against the major currencies, despite the conflicting Inflation Data from the US Economy. Despite recent declines in the pair, prices still have to break and hold below 1.1800 support…
