The Euro has rallied 2.7% in three days, a large amount for a currency. Reason being, the collapse of svb bank and the easing of US job numbers. This indicates it’s likely the FED will not raise interest rates in the next meeting. The Dollar collapsed alongside the equity markets as fear spread. Technicals The Read More…
Multi-Year Resistance zone spotted on the weekly chart. Forward-looking potential bullish targets. Ascending Triangle pattern found on the hourly chart. Multi-Year Resistance at 1.0471 Zooming out on the daily chart for Euro, we can see that the price is currently trading within a multi-year resistance zone at 1.0471. In 2015 – 2017, a triple bottom Read More…
The Fed rate decision and press conference may heighten market volatility. The bullish breach above the trend channel has not significantly changed market sentiment. An analysis of the 1-hourly chart. Fed Day Today is a very big day for the markets as the Fed will announce its rate decision with expectations of a 75 basis Read More…
Investors expect a 75bps rate hike from the ECB after inflation hit 9.1%. The ECB may take an aggressive stance as gas prices spike. Inflation in the eurozone might continue rising. The Euro (6E) futures continues to be under selling pressure as the US dollar remained the top gainer following upbeat US NFP data released Read More…
A lower-than-expected German retail sales report erases intraday gains for 6E. Bulls are not convinced with recent hawkish Fed statements amid a stable Eurozone GDP. US dollar bearishness paused amid a sluggish session due to Eurozone recession risks and China-US skirmishes. Intraday trading may be fueled by Eurozone Manufacturing PMI and Unemployment Rate Reports. A Read More…
