Follow @Ava_Analyst Currencies EUR/USD – continued to move higher to reach the highest level in 2 weeks as also the German data supported a stronger EUR. Data out of the US was also better than expected and this caused the EUR to give up parts of its gains. USD/JPY – was able to find support…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – moved up and broke through the resistance around the 1.12 level after good manufacturing PMI data out of Germany and the Eurozone. USD/JPY – keeps moving up but will first have to deal with the resistance around the 101.26 level. GBP/USD – with the UK initiating Article 50 beginning 2017…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – during the day we saw a clear break of the resistance around the 1.12 level, but we were unable to sustain these gains and close just under this resistance level. As the USD strengthened on the backdrop of some good employment related data yesterday, even though housing data was weak.…
Read MoreFollow @Ava_Analyst So the FED did what was expected and did not raise the interest rate, although it did hint that it was very possible that we would see a rate hike this year, which would mean most likely in December. The reason for this is that, although the economy is doing well, and inflation…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – dropped and was once again able to find some kind of support around the 1.115 level as it was able to do as well in recent days. There is not much to say at the moment as we will be watching and waiting what the FED decision on the interest…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – even though the USD weakened enough for the EUR to break shortly above the resistance around the 1.117 level, we are once again trading just below this level, as the USD corrected later in the day. Nothing really happened yesterday as there were no data releases, but that is changing…
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