The Forex markets continue to look very Euro-negative, as the EUR/USD and EUR/JPY pairs are pushing against the major support areas we have been watching for some time. The EUR/GBP has actually broken below the vital 0.80 level, so it appears the Euro will more than likely be tested this coming week. Because of this, […]
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The forex markets got the answer on Non-Farm Payrolls this week, as well as the decision by the ECB. At the end of the week, it was a bit surprising that the markets didn’t really make new ground in a lot of the pairs. One obvious place was the EUR/USD pair, where the Euro was […]
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The Forex markets were a bit unsettled at times during the previous week, but in general – they continued the themes that we had seen before. Overall, it appears that the Euro is trying ot make a stand of sorts. After all, the EUR/JPY pair failed to hang onto losses during the week, as the […]
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The Forex markets saw the continuing of Euro weakness over the course of the past week, and on Friday we saw the EUR/USD pair test the 1.36 level. This area opens the door to the 1.35 level, and massive support. Because of this, although we are bearish at the moment, we recognize that the downside […]
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Forex markets over the last week were relatively benign, but did see a bit of volatility on Thursday. However, it should be noted that we are getting close to holiday season for larger European firms, and this will slow the markets down in the near-term. It doesn’t mean that there won’t be trading to be […]
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The Forex markets focused on the European Central Bank and its intentions this week, as the Euro has been a currency that has been very strong while the ECB hasn’t liked the attention. Truthfully, the market has shown the 1.40 level is one that will continue to be a lot of trouble. The market saw […]
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The Forex markets were focused on the Non-Farm Payroll report this past week, and it didn’t disappoint. However, as per usual, the American jobs number got a bit of a boost due to people leaving the workforce. This isn’t what the US needs to be doing, but in the end – it appears that the […]
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The past week in Forex was relatively quiet. Because of this, there were essentially short-term trading opportunities at the moment as the markets are trying to figure out what it is that they are trying to do. The markets have been very choppy in general, and this is most shown in the EUR/USD pair, the […]
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Forex markets will certainly be focusing on the employment situation in the United States later this week, as the employment situation will dictate what the Federal Reserve can or cannot do. The ability to continue to taper quantitative easing will be a massive driver of where the US dollar goes, and by extension the entirety […]
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The past week in the Forex markets saw a significant break in the value of the US Dollar. FMOC member Mr. Evans stated that he believes the Federal Reserve needs to see several months’ worth of data before deciding on whether or not to taper off of quantitative easing, most specifically the bond buyback program […]
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