As expected, the rebound in the EURUSD has stalled in the $ 1.3150 Wednesday as traders opted for caution before the meeting of the European Central Bank (ECB) this afternoon. The decision of the ECB interest rate is certainly one of the most important events for the euro this week, but it is not certain… Read More »
DailyFx provides the following report on Durable Goods, Consumer Confidence data due for release this coming week.
The euro-dollar stabilized around 1,320 on Monday after falling late last week amid remarks at Jackson Hole that encouraged traders to favor the greenback versus the euro. The ECB President Mario Draghi acknowledged that expectations about inflation were not satisfactory and that regulators would do everything in their power to restart it. In contrast, Janet… Read More »
The tone was set by geopolitics to trading with investors tracking the somewhat contradictory reports coming out of Ukraine and Russia seeing the potential dispatch of a humanitarian convoy that was Russian to town of Luhansk. Although some market comment was taking a cautious position, worrying Russian duplicity, in general marketplaces seemed to be sanguine,… Read More »
Forecasts US rates measured by the rates on Treasury bills and the appetite for safe havens clearly down this week. Yet the Dollar Index held up well. That may be the best currency to be hoped in this unfavorable situation. For motivation in the future, the recent collapse of the figures in the volatility of… Read More »