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EURUSD: Intraday Technical Outlook

Following up our latest post, the pair respected both supports we had noted. The first one acted extremely short-term, but the second support still holds really well. Therefore, we have noted two possible trading scenarios based on the current intraday action. The pair is flirting with an upside breakout of the blue falling channel. If […]

Market Recap – BOJ, SNB and BOE monetary meetings

Two out ten FOMC members favored a no rate cut decision. The majority of the FOMC proceeded with a 25bps rate cut, proving yesterday’s recap arguments wrong and at the same time revealing that we are living through a time of difficult judgement and different perspectives. The interest on excess reserves has been revised downwards […]

EURUSD dropped to 1.2450 (lowest since July 2010)

Good Morning , – EURUSD dropped to 1.2450 (lowest since July 2010) after FT reported that ECB is opposing Spanish plans to recapitalise banks by using ECB’s 3 months financing window. USDCHF has hit 0.9642. Commodity- and EMG block seems to be lagging the EUR move. – Stocks: Nikkei -0.84 %, Hang Seng -2.09 %, […]