The line in the sand was broken in the EURUSD (see PRIOR POST and HERE TOO) at the 1.2655-1.2660. The next target at 1.2696 was approached but not reached. The price has rotated lower and has moved back below the break … Continue reading
That’s a term we use over here for a very boring football match in which both sides show no effort to score. Exactly what we got from Draghi today. He finished of the presser by saying that banks must transfer easy … Continue reading
The headlines from Draghi have not pushed the price outside the barriers so far . The price is a touch higher but the 100 hour MA is containing the upside so far (see blue line in the chart below). A … Continue reading
5 minutes to go and a quick poll on where EUR/USD will be when the magician finishes his show.
Wow, some volatile moves today eh? As I type cable is being knocked down to the lowest in three weeks as the BOE doves flap their wings. We’ve broken back through the August 2009 resistance line and could well be … Continue reading
Currently 1.2624 just off session lows but all eyes on the ECB later Sellers 1.2650-60 1.2670 1.2680-85 1.2700-10 1.2725-35 1.2750 1.2775-85 1.2800 Buyers 1.2600 1.2580-90 1.2565 1.2550 1.2525-35 1.2500 1.2485 1.2450
The ECB eased credit conditions last month. and the decision has led to a continued fall in the EURUSD. Tomorrow the ECB will announce their decision for the current. Mario Draghi will speak afterwards at 8:30 AM ET. The story … Continue reading
Just caught a comment from our mates at Livesquawk that someone has hoovered up $800m in EUR/USD 1.15 puts. Not sure of the price but they would be pretty low at 1000 pips away. Just some chitter chatter for you.
Currently 1.2612 having run into offers around 1.2630. Mftg PMIs coming up shortly Sellers 1.2640-50 1.2665 1.2680-85 1.2700-10 1.2725-35 1.2750 Buyers 1.2600 1.2580-90 1.2565 1.2550 1.2525-35 1.2500 1.2485 1.2450
GBPUSD up to 1.6208, EURUSD 1.2629, and AUDUSD 0.8701 but all running into offers again USDJPY 109.81 from 109.75 after once again finding a few bids in the dips Nothing to get excited about just yet though as we wait … Continue reading