Forex Market News -EUR/USD loses some ground, retreats from tops near 1.2050
EUR/USD clinched new 7-week highs near 1.2050.
The dollar sell-off bolsters the upside within the pair thus far .
Investors’ attention seen shifting to the ECB event (Thursday).
The euro cannot have a far better...
Forex Market News- Risk-on likely to increase into the weekly opening
What you would like to understand on Monday, April 19:
The American currency extended its decline against most major rivals because the week came to an end, as risk appetite led.
US indexes kept rallying, with the DJIA and...
Forex Market News- Dollar Up, But Set for Weekly Drop as Investors Buy Fed’s Dovish Stance
The dollar was abreast of Friday morning in Asia but was set to finish the week with its worst back-to-back weekly drop by 2021. Treasury yields continued their retreat from more-than-one-year highs as...
Forex Market News-U.S. trade chief voices concern to Vietnam over currency practices
U.S. Trade Representative Katherine Tai, during a turn Thursday with Vietnam's minister of industry and trade, highlighted U.S. concerns about Vietnam's currency practices, a USTR statement said.
Tai and...
Forex Market News- U.S. dollar to stay strong for a minimum of another month: Reuters poll
The U.S. dollar will remain strong for a minimum of another month, consistent with a Reuter’s poll of exchange strategists, who still forecast that the currency will weaken within the long run.
Following...
Forex Market News-Dollar gains as U.S. recovery bets stoke Treasury yields
The dollar gained against major currencies on Tuesday and climbed to a one-year high against the yen, as accelerating U.S. vaccinations and plans for a serious stimulus package stoked inflation expectations and raised...
Forex Market News - Euro set for biggest monthly drop since mid-2019; yen shorts grow
The euro languished below $1.18 on Monday because the prospect of tougher corona virus curbs in France and Germany weighed on the short-term outlook for the European economy.
The euro slipped 0.2% in London...
Forex Market News - Dollar Up Over COVID-19 Worries and Potential U.S. Tax Hikes
The dollar was abreast of Wednesday morning in Asia near a four-month high, as COVID-19 concerns, potential U.S. tax hikes, and tensions over tit-for-tat sanctions between China and therefore the West turned...
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EUR/USD needs to go lower before it goes higher
Bank of America Merrill Lynch FX Technical Strategy Research notes that EUR/USD rally keeps showing signs of exhaustion around current levels.
"The seven month rally has surpassed a long term Fibonacci level (38.2% 1.1743) and is the most...
EURUSD moves back above the 200 hour MA taking some of the bearish sting away .
The move means little in front of the weekend. However it does take some of the sting out of the fall today technically.
The EURUSD has made another break to the upside as we head into the 4 PM London fixing. The break has pushed the price back above the 1.1876 level (June 2010 swing low). The high extended to 1.1893.
Analysis for my major pair signals
EURUSD Entry Point: Buy at 1.1627 Take Profit: 1.1658 Stop Loss: 1.1586
USDJPY Entry Point: Sell at 111.79 Take Profit: 111.48 Stop Loss: 112.20
USDCHF Entry Point: Sell at 0.9549 Take Profit: 0.9518 Stop Loss: 0.9590
GBPUSD Entry Point: Buy at 1.3035...
Analysis for my major pair signals
EURUSD Entry Point: Sell at 1.1662 Take Profit: 1.1631 Stop Loss: 1.1703
USDJPY Entry Point: Buy at 111.10 Take Profit: 111.41 Stop Loss: 110.69
USDCHF Entry Point: Buy at 0.9472 Take Profit: 0.9503 Stop Loss: 0.9431
GBPUSD Entry Point: Sell at 1.3028 Take...
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