Has the euro rally reached its limits? Two opinions

EUR/USD temporarily topped 1.23 but retreated as ECB Vice President Vitor Constancio mentioned the exchange rate. Has it reached its limits or is there a lot more to go? Here is their view, courtesy of eFXnews: EUR/USD: Caution Warranted Ahead Of ECB; What’s The Trade? – Credit Agricole Credit Agricole CIB Research discusses the EUR […]

Won’t Chase USD/CAD lower Into BoC – Nomura

The Canadian dollar received positive economic indicators and rising oil prices, yet NAFTA worries are holding it back. And now, the loonie faces the rate decision by the BOC. While Poloz and co. are expected to raise rates the team at Nomura is skeptical. Here is their view, courtesy of eFXnews: Nomura Research discusses USD/CAD […]

EUR/USD: Is 1.25 The New 1.20 For ECB? – Nordea

EUR/USD enjoyed the weakness of the US dollar and surged to 1.23, where it took a break. What’s next? What levels are tolerable for the ECB? Here is the view Nordea: Here is their view, courtesy of eFXnews: Nordea FX Strategy Research discusses EUR/USD outlook, and notes that the pair has broken above its 2017 high and […]

Oil on a roll and some bitcoin bashing – MM #170

Oil prices are on the move, reaching new highs. We begin with diving into what happened and what’s next before tackling the cryptocurrency craze, which makes rollercoasters look moderate.  You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Black gold shines:  The prices of oil jumped to levels last seen in late […]

How central banks disrupt the forex market

One of the most common refrains heard by forex traders is about the central banks manipulating currency rates. This refrain often refers to the purchase of significant amounts of foreign currencies by a central bank, but there are many other ways that a central bank can and will manipulate world currency markets. Some of these […]