Tag Archives: eurusd

28 Feb: Markets mixed, waiting on Trumps address to Congress, tomorrow.

   There has been plenty going on today, with the dollar again seeing mixed results as traders remain cautious ahead of the highly anticipated address to Congress by US president Donald Trump, due tomorrow. In terms of data, the US Durable Goods Orders grew 1.8% in January, below expectations of 1.9% while Ex-transport orders dropped -0.2% versus expectation… Read More »

22 Feb: Forecast: US$ pairs

  EURUSD: 1.0548 The Euro has headed lower on the EU election concerns and hawkish Fed speak, testing the 1.0520/25 support area, which has so far held although, with the short term momentum indicators now looking heavy a break could see it head quickly to 1.0500, below which would then see an acceleration to the downside as there… Read More »

20 Feb: Outlook: US$ pairs

  EURUSD: 1.0609 The Euro traded in heavy fashion on Friday, unable to overcome the offers at 1.0675 and drifted back to finish just above the lows of 1.0605. The momentum indicators are somewhat mixed on Monday and it looks like being a fairly tight session in the absence of the US market but the hourlies are pointing… Read More »