Category: Info

EUR/USD: ECB may react to growing signs of weakness

Euro-zone growth may remain robust, but the engine is slowing down. The ECB may exercise its conditionality and prolong the exit. The EUR/USD may lose more ground on growing divergence. The euro-zone grew at a pace of 0.4% QoQ in Q1 and also in Q2 2018. Forecasts for the third quarter are positive, and the […]

USD rally not over: 3 trade fronts are still wide open

Markets are relatively calm as trade wars are moving to the backburner. China tariffs have not been implemented while EU-US and NAFTA talks have seen progress. Nothing is a done until everything is done and things could turn sour again. Optimism on Brexit negotiations has grabbed the headlines, moving trade concerns away from topping the […]

ETH/USD is plunging amid the ruling by the judge, $185 vital to the recovery

Ethereum, the second cryptocurrency in market capitalization, continues its free-fall. Various regulatory issues have hurt the broad cryptocurrency world and Vitalik Buterin’s disparaging words have sent the ETH/USD to new lows. What’s next? The Technical Confluence Indicator shows that the first resistance line is at $175 where we see the convergence of the Pivot Point one-day Support 1, the SMA […]

EUR/USD downside looks more appealing than the upside

The EUR/USD continues trading around 1.1600 amid mixed data. Thursday’s big events are already causing tensions. The technical picture shows that the pair failed to breach downtrend  The EUR/USD continues trading around 1.1600, sticking to well-known ranges. The pair enjoyed an upbeat market mood on Tuesday until a report that China asked WTO authorization to […]

EUR/USD hugs 1.1600 and when it chooses a direction, the move could be strong

The EUR/USD continues “hugging” the 1.1600 level ahead of the all-important meeting of the European Central Bank on Thursday. The Technical Confluences Indicator shows that the pair is currently trading around the 1.1585 confluence zone which consists of the Fibonacci 38.2% one-week and the Bolinger Band 15m-Lower. On the topside, the pair faces a cluster of resistance around 1.1614which is the convergence […]

EUR/USD finding reasons to be cheerful, breaks higher

The EUR/USD is moving up, enjoying a better market mood. Progress in the US-EU negotiations and Brexit underpin the rise. The technical picture is improving as the pair breaks downtrend resistance.  The EUR/USD is trading above 1.1600, rising on the day. The market mood is more optimistic than earlier. The United States and the European […]