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ECB Move Continues to Weigh on Euro
Source: ForexYard The euro took further losses against its main currency rivals in trading yesterday, as pessimism in the euro-zone economic...
USD/CHF Daily Outlook
Daily Pivots: (S1) 1.0230; (P) 1.0285; (R1) 1.0328; USD/CHF’s recovery from 1.0185 extended further today but is still limtied below 1.0388 resistance. Intraday outlook remains neutral for the moment. Break of 1.0388 will indicate that a short term bottom is at least formed and stronger rise...
German April trade weaker than expected
German April trade surplus s.a came in at 9.0 bln euros compared to 8.9 bln in March, below the market median of 9.4 bln. The current account surplus came in at 5.8 bln, some way below the median forecast of 10.0 bln euros. EUR/USD having rallied in early European trade has slipped back slightly,...
All Eyes on The US Non-Farm Payrolls Release Tomorrow
The Dollar gained considerably ground in yesterday’s trading, whilst the price of Crude Oil plummeted. The question today is can this pattern be extended into end-of-week trading? The answer to this question will be determined by a number of factors, such as the U.S. Unemployment Claims...
EURUSD traded in a narrow range
Written by ForexCycle.com EURUSD traded in a narrow range between 1.4218 and 1.4457 for several days. As long as 1.4457 resistance holds,...