Powell speaks in Jackson Hole that is what everybody is waiting for. Fed minutes from the meeting also showed the lack of unity among the Fed members. That might lead to the fact that the rate can be either lowered in September or left unchanged. That is complete uncertainty. That is why Powell's comments are that important. Markets still believe in the rates...
DECSCENDING PENNANT FORMATION I WOULD BE LOOKING FOR A BREAK & RETEST OF THE GREY DAILY RESISTANCE BEFORE ENTERING SHORT WAIT FOR THE BREAK!!!!
The FOCM will begin Wednesday evening to make the market and investors understand the next moves for the short and medium term and the ECB will follow the next day. It is very likely that the euro will come out even more devalued at the end of these two days. As the European Central Bank will almost certainly show a weak economic and political scenario in the...
EURUSD has been dropping since our last analysis on the 12.08 and we are at a crucial stage if we can break the $1.10959 support level we expect further downside. However, this is a very a important stage for the currency pair as FED Minutes on Wednesday and Chairman Powell's comments at Jackson Hole will likely lead to significant volatility and price action....
As there is a decrease of Euro obvious in the chart, the volumes in an agreement of price has been increased. On the other hand the horizontal rectangle of frequent presence of price has been broken. So i guess new step of support area we will see. What do you think about it?
The forex markets waggled after Italy Deputy Prime Minister Matteo Salvini called for a snap election. Salvini urged the prime minister to reconvene parliament to back his claim that the coalition government is no longer solid. The EURUSD pair clocked in some losses after the news broke out. Additionally, stocks and bond markets in the EU zone reacted more...
Possible inverse Head and Shoulders indicating bullish sentiment The price movement here could coincide with a pullback in the falling NZD currency, with a continuation in their respective trends Good luck and follow me for more ideas!
We have been short EURUSD for a while and yesterday's FED meeting where Powell announced a 25bps rate cut but indicated there would be no further cuts led to EURUSD dropping from 1.116 to 1.104. This is because the EU is looking to cut rates and embark on quantitative easing due to the weakness in the Eurozone economy. Therefore we are holding our short position...
At the last meeting, the Governing Council of the European Central Bank (ECB) decided that the interest rate remain unchanged. Also, Mario Draghi said that officials had not discussed the rate cut. Accordingly, the euro has a good chance this week to rebound from the medium-term range lowest level. In this regard, our position on the euro - we buy primarily...
At yesterdays' meeting, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. Nevertheless, the comments from the Central Bank turned out to be very...
The price touched the support area set at 1.112 with a post-conference Draghi spike. Causing the stop loss closing on our trade. After it return immediately to the closing level of yesterday's session . Technically, this pair is in a stalemate taking the last six months as a time reference. In fact, the trend has no longer taken a specific direction, continuing...
Yesterday's session started by the gap closure, just as we pinpointed. The resistance at 12 576 was retested twice and then the price action was dominated by fundamentals. The ECB President Mario Draghi hinted a possible rate cut into negative values to tackle Eurozone's economic stagnation. This scepticism influenced the German stock index DAX as well and we saw...
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Following ECB's decision to keep rates on hold and President Draghi's comments aimed at giving confidence to the Eurozone, the common currency saw a sharp rise. However the pair price has now reached a point of saturation near 0.8955 which was previously a support level. The pound, although under Brexit-related pressures, is likely to push the price down to ...
Boris Johnson becomes the UK's new prime minister and, made his first statement. Despite the apocalyptic forecasts, we could observe a pound growth on Wednesday. Once again, chances that Johnson will have enough support to implement the no-deal Brexit are extremely low. An agreement with the EU or a general referendum is more likely to happen. In any case, until...
The US dollar strengthened against the euro this week as markets assess the likelihood of an ECB rate cut. We've already locked some profits of the earlier bull-move in our Trading Club and closed the remaining position until the dust in the market settles. Bear in mind that, although the Fed took a dovish stance, there is an important difference between the...
My outlook for the EURUSD at today's #ECB interest rate decision. EURUSD perfectly positioned for a long term breakout lower. Market looking for a 20bps cut.