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EURUSD Recovers Post ECB, GBPUSD Pulls Off Best Levels

MARKET DEVELOPMENT – EUR RECOVERS POST ECB, GBP OFF BEST LEVELS EUR: After a brief dip below 1.13, the Euro has recovered from the choppy price action seen in the aftermath of yesterday’s ECB meeting. While Draghi altered to language over growth risks (moving to the downside), providing a cautious outlook, this had largely been […]
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US Dollar Tests Fresh Yearly Highs Ahead of December FOMC

US Dollar Talking Points: – The US Dollar is testing fresh yearly highs to continue this week’s move of strength, and this follows an early-week support test at the key Fibonacci level of 96.47. The big question at this point is how long might bulls be able to push, as a major USD event sits […]
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Euro in Focus as Markets Eye Upcoming European Council Meeting

TALKING POINTS – EURO, EU, BREXIT, ITALY BUDGET European Council meeting scheduled to take place December 13 – 14 Topics of discussion will include: Brexit, Italy budget, foreign affairs Investors will be eyeing the Euro and any key policy announcements Just started trading Euro? Check out our beginners’ FX markets guide! EUROPEAN COUNCIL AGENDA European […]
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DXY Index on the Edge Ahead of Quieter Trading Day

Talking Points: – The National Day of Mourning for the late US President George H.W. Bush means financial markets will be closed, economic data releases pushed until tomorrow, and Fed Chair Jerome Powell’s testimony in front of the Senate Joint Economic Committee is canceled. – With no developments likely on the US-China trade war front […]
AUDUSD Bulls Push the Bid from Key Support as USDJPY Re-Tests 110.00

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