The Draghi effect goes on and on. This time, it’s not a drag on the euro but rather a driver to the upside. The words of the ECB President already send the world’s most popular currency pair over 200 pips to the upside. The high so far has been 1.1419. On the day after the [...]
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The Canadian dollar continues marching forward, taking advantage of whatever it can. UDS/CAD is getting comfortable under 1.31 with the low so far standing at 1.3076. The initial boost to the C$ came from the Bank of Canada, which switched its stance to hawkish. A stronger economy gave rise to optimism. USD/CAD fell sharply below [...]
The post USD/CAD comfortable under 1.31 – heading to 1.30? appeared first on Forex Crunch.
Bank of England Governor Mark Carney says that the removal of some of the stimulus may be necessary. So far, Carney was in the dovish camp, battling opposition. GBP/USD is responding quickly with a leap to 1.2904 more coming
The post GBP/USD jumps to 1.29 as Carney goes hawkish appeared first on Forex Crunch.
After a long period of low volatility, we have quite a bit of volatility in EUR/USD. After the rally yesterday we get a quick dip or a flash crash. EUR/USD dropped 90 pips within seconds but is already 50 pips above the lows. Mario Draghi sent the euro higher yesterday by expressing optimism: reflation is [...]
The post Draghi downplayed: EUR/USD flash crashes appeared first on Forex Crunch.
EUR/USD continues marching to the upside and it is struggling with another high level of resistance, 1.1360. This was the high back in August. Above this level, we are now at the highest since June 24th, the day after the EU Referendum. On that day, EUR/USD reached 1.1420, which is the next level of resistance. [...]
The post EUR/USD reaches the highest since Brexit – 3 reasons appeared first on Forex Crunch.
