Category Archives: Majors

7 June: Forecast: FX: US$/Majors

  EURUSD: 1.1279 EurUsd has been choppy while the market waits on tomorrow’s ECB Meeting. The dollar has seen broad based weakness although the Euro is also somewhat weighed down by selling of the EurJpy cross. The end result is that the pair is pretty much unchanged from this time yesterday and another sideways session would not surprise… Read More »

2 June: Forecast: FX: US$/Majors

  EURUSD: 1.1213 EurUsd traded a tight 1.1201/56 range on Thursday, weighed down by the strong ADP jobs figure which supported the dollar against all the majors into the end of the session while waiting on the outcome of Friday’s NFP figure. A neutral stance is still required although the dailies do look as if they may be… Read More »

31 May: Forecast: FX: US$/Majors

  EURUSD: 1.1188 Having fallen to 1.1108 in Asia, the Euro bottomed out and then turned sharply higher after the Reuters announcement regarding the ECB’s likely hawkish tone at the upcoming, June meeting. The spike high has been 1.1204 but currently sits at 1.1180, close to the session’s opening levels. A neutral stance is now required given the… Read More »