The euro is the world’s second leading reserve currency behind the U.S. dollar. The euro is the pan-European currency that changed the foreign exchange market at the turn of this century. The euro fell...
The (EURUSD) is in the late stages of a Bull Flag consolidation (on the weekly chart) after forming a fresh March high last week. Odds are elevated for an extension of the upchannel (on the weekly chart)...
The U.S. dollar is the world’s leading reserve currency, but the euro is the second most-held foreign exchange instrument. Central banks and monetary authorities hold reserve currencies in significant...
The (EURUSD) is edging higher after the post-FOMC surge, but will likely see healthy profittaking by the weekend back to below the psychologically key 1.10 whole figure level. The EURUSD’s massive...
The (EURUSD) appears to be gearing up to complete the 2 week plus Bull Flag consolidation and retest the psychologically key 1.05 whole figure level before the weekend. With the EURUSD comfortably above...
The (EURUSD) is trying to gain for a 3rd straight day, nearly complete on the Bull Flag consolidation of the past week after forming a fresh November high. Odds are elevated for a test of the psychologically...
The (EURUSD) is consolidating after the strong bounce from the 2022 low (in September). Although the EURUSD is vulnerable today to a bit more healthy profittaking, odds are elevated for a weekly close...
The (EURUSD) is consolidating after the strong bounce from the 2022 low (in September), and is at risk of seeing more healthy profittaking today as it bumps up against downchannel resistance (on the weekly...
Wall Street had a great July. Some events like corporate earnings, greenback movement, oil prices' prognosis and inflationary trends will decide the market momentum in August.
The European Central Bank has raised interest rates by 50 bps to 0.5% (more than expected).