Category: EURUSD
Into the Storm: US ADP, ISM Services Start Three Day Data Blitz
Event risk is heavy the through the end of the week; today the focus is on the Canadian and US Dollars. It seems as if traders are holding onto narratives […]
Too Early to Call a Bottom in EUR-crosses Despite CPI Data
Better than expected headline inflation data from the Euro-Zone in February comes as a welcomed development for the economically-beleaguered region, although it does not come as a complete surprise. After […]
Central Bank Commentary to Provide Spark for USD, GBP, CAD
Central bankers from the G7 are out on the wires all day today, updating market participants on rate expectations as we enter a policy-sensitive stretch of time. At the time […]
GBP-crosses Given Green Light on Impressive UK Labor, Wage Data
Bank of England policymakers are coming up flush with their recent prognosis of the UK economy. Last week’s Quarterly Inflation Report was the first spark for GBP-crosses as it appeared […]
Euro, USDOLLAR at Behest of Recent Trends amid US Market Holiday
It’s a market holiday in the United States so those traders not celebrating President’s Day (I imagine there will be quite a few that aren’t) might find themselves in a […]
Derisive Comments from Greek PM Fail to Inspire EUR-crosses
An oversaturated net-short Euro position may be contributing to a lack of downward momentum. With speculators in the futures market holding their largest net-short position since the week ended June […]
Weekly Trading Forecast: Is This the Return of the Greek Crisis and Volatility?
All of the driving fundamental themes are gaining momentum: rate speculation for the Fed and BoE; concerns of a revived Greece crisis; and fear of a market collapse despite stimulus. […]
GBP/USD Shows Resiliency in Range; EUR/GBP, GBP/CAD Due to Follow?
The US Dollar is trading slightly off of its yearly highs ahead of the January NFP report, and traders have good reason to be concerned. Economic data has been roundly […]
GBP/USD Shows Resiliency in Range; EUR/GBP, GBP/CAD Due to Follow?
On balance, several of the more liquid currency pairs have made little progression up or down over the past week, but that doesn’t mean volatility hasn’t been present. Choppy ranges […]
RBA Surprises, but Choppy Conditions Persisting in USD-Majors
15 central banks have embarked on dovish action this year – not a good sign for the global economy. The Reserve Bank of Australia’s surprise decision (only 7 of the […]