Currencies EUR/USD – the breach of the resistance around the 1.1375 level was short-lived as we saw a turnaround in the USD. In addition, we have to take into consideration that a Brexit will also have negative implications for the Eurozone, and as such, as we approach the Brexit vote we can see that the…
Read MoreCurrencies EUR/USD – finally managed to break through the resistance around the 1.1375 level as the USD remains very weak. We will be waiting to hear what ECB President Draghi has to say in a bit. USD/JPY – continues to decline as we will be slowly move focus to next week in which we have…
Read MoreCurrencies EUR/USD – is trading in a very tight range after the NFP and we remain trading close to the resistance around the 1.1375 level. The GDP data out of the Eurozone yesterday was a bit better than expected, but was unable to really lift the EUR. USD/JPY – is dropping as the USD is…
Read MoreCurrencies EUR/USD – the resistance around the 1.1375 was able to hold as we are awaiting the GDP data out of the Eurozone this morning. Yellen comments yesterday caused for a bit of volatility, but quickly was trading at the same level as it was prior to her speaking, as she didn’t say anything all…
Read MoreThe NFP on Friday was dreadful and did not offer anything optimistic. The renewed optimism on a possible rate hike this month by the FED has practically been thrown off the table. The NFP not only came in lower than expected, but far lower and barely showed any growth, and was the lowest in years.…
Read MoreToday is an important day with the NFP. While there obviously is an expectation for a specific number (164K this month), it is important also if the unemployment rate also drops to 4.9% as is expected. This is the last NFP before the FED will decide whether or not to raise the interest rate later…
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