EUR/USD: No serious support below, falls may extend

The EUR/USD suffered the eventual USD strength that followed the Fed decision and the saga over the Italian budget. After dropping to around 1.1700, it does not have support and may continue falling. The Technical Confluences Indicator shows that the pair is capped by 1.1715 which is the convergence of the Pivot Point one-day Support 1, the Simple Moving Average 10-one-day, […]

The Fed moves the US Dollar – Live Coverage

The Federal Reserve is set to raise interest rates in its September decision and probably signal another rate hike in December. But what’s next? The dot-plot, comments on inflation, views on wages, and other signals will rock markets which are holding their breath. Fed Chair Jerome Powell’s press conference is set to provide additional volatility. […]

Trading the US GDP with EUR/USD

The final release of US GDP is closely watched to see if the robust growth number is confirmed.  The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The EURUSD moved, on average, 15 pips in the 15 minutes after the data release and 41 pips in the following […]

GBP/USD: UK GDP may surprise in the yearly version

The final read for Britain’s Q2 GDP is expected to confirm the early numbers.  Surprises are not uncommon in the final read, especially for the annual figure. Fear of a no-deal Brexit and the takeover of Brexit headlines came afterward. The final read of UK Gross Domestic Product is due on Friday, September 28th, at […]

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