By mid February, the market major has got even deeper down. At the beginning of the week, it is mostly fluctuating near 1.0670. The USD against the EUR is at its five-month high. This is because the market is anticipating the US CPI for January. The Fed remains carnivorous about the interest rate
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By MaiMarFX (Marios Krausse)CurrenciesJan 30, 2023 08:50 After several weeks of lackluster momentum, market participants are now bracing for a heavy loaded week of event risk with not only three crucial Central Bank meetings on tap but also the U.S. nonfarm payrolls at the end of this week. The first risk event will be Wednesday’s
By MaiMarFX (Marios Krausse)CurrenciesJan 16, 2023 08:41 Welcome to a new trading week. : As indicated last week, there was a bullish breakout pattern and bulls took advantage of this opportunity against the backdrop of a weakening U.S. dollar, driving the euro above the 1.08 threshold. We were able to pocket some good gains in
Justin Low Thursday, 27/07/2023 | 06:19 GMT-0 27/07/2023 | 06:19 GMT-0 There is one to take note of for the day, as highlighted in bold.That being an extremely large set of expiries for EUR/USD at 1.1100-05, which is likely to act as a magnet and limit any upside price action in the session ahead before
Justin Low Wednesday, 26/07/2023 | 04:47 GMT-0 26/07/2023 | 04:47 GMT-0 There are a couple to take note of on the day, as highlighted in bold.They are both being for EUR/USD at 1.1025 and 1.1070-75. There might not be much technical significance to those levels but given recent price action and the fact that we
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Justin Low Tuesday, 25/07/2023 | 04:41 GMT-0 25/07/2023 | 04:41 GMT-0 There is just one to take note of on the day, as highlighted in bold.That being for AUD/USD at 0.6770 and it sits near the 100-hour moving average of 0.6765 currently, a level which is helping to limit gains on the day. That could