Follow @Ava_Analyst Currencies EUR/USD – is back to its usual movement, which is down over the last few weeks. The main factor which will decide if we will head further down will be the ECB decision of tomorrow regarding QE. If they decide to extend it, we are likely to see the EUR weaken further.…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – saw a strong rebound and reached the highest level in nearly a month amid a short squeeze. Again we see here that when the expectation is confirmed, we see the opposite happening, a typical buy the rumor sell the fact. However, we have the ECB meeting in 2 days which…
Read MoreFollow @Ava_Analyst The NFP on Friday was slightly better than expected, so that means that the road is clear for the FED to raise the interest rate next week. This is especially true since the unemployment surprisingly dropped to 4.6%. The only downside is that wages didn’t grow at all, but this alone will not…
Read MoreFollow @Ava_Analyst Today is the NFP which as always will be in focus, and today especially as the expectation is that the FED will raise the interest rate in 2 weeks. Only a very bad NFP is expected to be able to derail that, so anything that comes in above 125K is expected to be…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – the strong data out of the US was able to drive the rate lower again to under the 1.06 level. We are currently above this level again, as it appears there are enough buyers below the 1.06 level. However, we are coming up to the next large risk event of…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – continues to try to move higher, but remains having a hard time at the higher 1.06 level and is unable to stay there for a long time. After the NFP on Friday, we have the Italian referendum on Sunday, which is also likely to cause volatility in the EUR. If…
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