Category Archives: Majors

10 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0589 The Euro has been volatile but has again held on above the recent 1.0525 pivot, spiking to as high as 1.0615 following the ECB decision, before settling at 1.0585. The momentum indicators still look pretty neutral following the ECB decision and a cautious stance is again required ahead of today’s NFP release, although I prefer… Read More »

9 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0546 The Euro is under some pressure today against the generally stronger dollar, although the range has been tight as traders await the outcome of today’s ECB Meeting. No change is expected to policy and the direction will come from ECB Governor, Mario Draghi‘s outlook. The momentum indicators still look pretty neutral and a cautious stance… Read More »

8 Mar: Forecast: FX: US$/Majors

  EURUSD: 1.0571 EurUsd has had a tight 50 point range on Tuesday (1.0558/1.0602), leaving the outlook unchanged. The momentum indicators still look pretty neutral and a cautious stance is required for the coming session. On the downside, back below 1.0550 could retest the 1.0500 area, but which appears unlikely to be broken today unless the ADP Jobs… Read More »

1 Mar: Forecast: FX US$/Majors

  EURUSD: 1.0596 The Euro has traded in choppy fashion today, again reaching the resistance seen near 1.0630 before falling back to sit back below, leaving the outlook unchanged and rather neutral ahead of Donald Trump’s speech to Congress later in the session. A failure to live up to market expectations could see a nasty selloff in the… Read More »