The European Central Bank convenes in Estonia in one of its more important meetings: a meeting with new forecasts. Given the recent improvement, it may be time for a change in tone, setting the stage for a bigger announcement in September, about the path to stop bond buying, or if you wish, money printing. Will EUR/USD [...]
The post ECB Preview: balanced risks could provide a buying opportunity – 3 scenarios appeared first on Forex Crunch.
Dollar/yen broke down on political worries and lost the 110 level. Could it extend the drop? Here is their view, courtesy of eFXnews: Societe Generale FX Strategy Research notes that the last year can be divided into two ranges for USD/JPY and US 10-year treasuries: “Pre-Trump, USD/JPY traded in a 98-108 range and 10s in a [...]
The post USD/JPY: Testing The Bottom Of The Trump Range; Whats The Trade? – SocGen appeared first on Forex Crunch.
XAU/USD, aka the price of gold, is eyeing the $1300 level and trading around $1292. The precious metal is sought after as a safe-haven asset in times of trouble. New reports about Russia’s interference in the US elections, worries about global growth and other factors boost the Japanese yen and also gold. At current levels, XAU/USD is very close to [...]
The post Gold approaching 7-month highs – levels to watch appeared first on Forex Crunch.
