EUR/USD continues its recovery after bouncing off low support. If the previous moves were more related to cherry-picking good data and ignoring the weaker figures, now the pair has more substantial reasons to rise. According to a report, the European Central Bank is set to remove its easing bias in the June meeting. The Frankfurt-based Institute will [...]
The post EUR/USD clearly breaks resistance on ECB rumors, weak US inflation appeared first on Forex Crunch.
EUR/USD was struggling at the bottom of the range as volume returned to normal. Traders in the UK and in the US are back to business. Yet after the initial sell-off, the pair is recovering. The good news comes from France’s GDP report. The updated estimate show a growth rate of 0.4% q/q in Q1, [...]
The post EUR/USD cherry-picks its favorite data and rises to resistance appeared first on Forex Crunch.
This week will be shorter, but it does not mean less volatile. Some of the major news expected for the rest of the week is: Tuesday: PCE Price Index Thursday: ADP Unemployment Friday: Nonfarm Payrolls (NFP) The biggest event of the week is expected to be the NFP on Friday. The Actual is 211K vs. [...]
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What is the Fed trying to tell us? Markets are anticipating the Fed decision in June and might be caught wrong-footed. OPEC made its decision and we had a “sell the fact” reaction. But there’s much more inside. We top it off with previewing the next week. You are welcome to listen, subscribe, provide feedback and pledge [...]
The post Poking holes in the FOMC and OPEC – MM #146 appeared first on Forex Crunch.
