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3 reasons why the EUR/USD rally is set to peter out – BTMU

3 reasons why the EUR/USD rally is set to peter out – BTMU

May 7, 2015 06:30
EUR/USD enjoys a very strong rally: it took advantage of the USD weakness and didn’t retreat when the greenback did make a comeback against other currencies. Can this...

Majors»

GBP/USD Forecast May 4-8

GBP/USD Forecast May 4-8

May 3, 2015 13:14
The British pound  jumped close to 1.55, but was unable to consolidate at these levels and closed the week with slight losses. The pair closed at 1.5123. This week’s...
  • USD/JPY Forecast May 4-8
    USD/JPY Forecast May 4-8
    USD/JPY gained about 100 points last week and closed just above the 120 line. The upcoming week is very quiet,...
    on May 3, 2015 10:59
  • EUR/USD Forecast May 4-8
    EUR/USD Forecast May 4-8
    EUR/USD stormed higher, breaking resistance and hardly stopping to breath. Can this impressive rally continue?...
    on May 2, 2015 13:58
  • Forex Weekly Outlook May 4-8
    Forex Weekly Outlook May 4-8
    The US dollar experienced a very turbulent week, tumbling down and recovering, but not against the euro. Close...
    on May 1, 2015 15:03

Minors»

USD/CAD Forecast May 4-8

USD/CAD Forecast May 4-8

May 3, 2015 19:08
The Canadian dollar showed some strength during the week breaking below the 1.20 level for the first time since mid-January. However, the loonie failed to consolidate at these...
  • AUD/USD Forecast May 4-8
    AUD/USD Forecast May 4-8
    The Australian dollar showed some strength during the week but was unable to consolidate and ended the week unchanged....
    on May 3, 2015 17:34
  • NZD/USD Forecast May 4-8
    NZD/USD Forecast May 4-8
    The New Zealand dollar .was certainly affected by the central banks, the local one and the US one in a busy week...
    on May 3, 2015 10:41
  • AUD/USD Forecast Apr. 27 – May 1
    AUD/USD Forecast Apr. 27 – May 1
    The Australian dollar weakened during the week but was unchanged at week’s end. AUD/USD closed the week...
    on Apr 26, 2015 14:57

Basics & Industry»

Forex Crunch Key Metrics April 2015

Forex Crunch Key Metrics April 2015

May 1, 2015 10:15
The fourth month of the year began slowly with the Easter break but certainly accelerated towards the end. All in all, while there is a drop from March, the year over year...

Recent Articles

EURUSD, GBPUSD, USDJPY Pivot Points, TA – May 7 2015

EURUSD, GBPUSD, USDJPY Pivot Points, TA – May 7 2015

EURUSD Daily Pivots R3 1.1613 R2 1.1491 R1 1.1418 Pivot 1.1295 S1 1.1221 S2 1.1098 S3 1.1026   EURUSD broke out from the bullish flag formation to rally towards 1.13575, the first price point that was identified. A break above this level is needed to see another continuation of the rally to 1.149 or 1.15

Australian employment data misses – AUD/USD continues hugging 0.80

Australian employment data misses – AUD/USD continues hugging 0.80

Australia reported a drop of 2.9K in employment against an expected rise of 4K. The unemployment rate ticked up from 6.1% to 6.2%, as expected. The small misses were coupled with positive revisions, so after the initial drop, the pair drifted back up towards the round 0.80 level. The battle continues. Looking into the report, we

3 reasons why the EUR/USD rally is set to peter out – BTMU

3 reasons why the EUR/USD rally is set to peter out – BTMU

EUR/USD enjoys a very strong rally: it took advantage of the USD weakness and didn’t retreat when the greenback did make a comeback against other currencies. Can this continue? The team at BTMU provides three reasons why this is not sustainable: Here is their view, courtesy of eFXnews: 1- Even if crude oil prices were to advance

AUD/USD: Next Leg Higher Underway?

AUD/USD: Next Leg Higher Underway?

Talking Points • Aussie dollar looks set for more gains in the short term despite no signs of a pick-up in the Australian and Chinese economies. • AUDUSD is eyeing an important release in Australia during the next Asian session i.e. Employment Change report will be published by the Australian Bureau of Statistics. • Australian

USD/CAD at lowest since January on strong Ivey PMI, USD weakness

USD/CAD at lowest since January on strong Ivey PMI, USD weakness

USD/CAD is trading well below 1.20, and falling towards teh lows seen in the previous fall down. Can it hit the lowest levels since January? Update: the pair hit a low of 1.1941, 2 pips below the previous low and at the lowest since January. The background is good Canadian data and yet another USD sell off.

Dollar Bulls Capitulate Post ADP

Dollar Bulls Capitulate Post ADP

A rebound in risk appetite after yesterday’s wash-out in equity markets was apparent overnight, with the rally in hydrocarbons continuing to put pressure on the greenback as the hopes and dreams of dollar bulls starts to fade.  Market participants have been intently focused on the negative implications surrounding the blow-out of the March trade deficit

EUR/USD touches the highest since February

EUR/USD touches the highest since February

Another wave of USD sell offs was triggered by the disappointing ADP report. A second month of weak job gains, if see in the NFP as well, raises a speculation that the Fed will not hike in 2015. EUR/USD was certainly prepared to benefit from this, rising to a fresh high of 1.1294, above last week’s peak of

ADP NFP only 169K – USD falls

ADP NFP only 169K – USD falls

Bad news for the US economy: according to ADP, only 169K private sector jobs were added. This is significantly worse than expected. In addition, last month’s figure was revised to the downside: 175K instead of 189K originally reported. The USD is lower, with EUR/USD climbing to 1.1260, GBP/USD rising to 1.5240, USD/JPY ticking lower to

AUD/USD: Weekly Shooting Star: Levels & Targets – SocGen

AUD/USD: Weekly Shooting Star: Levels & Targets – SocGen

The Aussie managed to gain some ground after the RBA cut the rates but seemed to have closed the door on further ones. Moving from the fundamentals to the technicals, what do we see on the charts? The team at SocGen notes an interesting pattern: Here is their view, courtesy of eFXnews: AUD/USD has formed a weekly

EURUSD, GBPUSD, USDJPY TA, Pivot Points – May 6 2015

EURUSD, GBPUSD, USDJPY TA, Pivot Points – May 6 2015

EURUSD Daily Pivots R3 1.1405 R2 1.1313 R1 1.1249 Pivot 1.1157 S1 1.1091 S2 1.0999 S3 1.0935   EURUSD broke below 1.117 level yesterday but quickly recouped its losses to rally back above 1.117. Price action has now formed a bullish flag pattern, which shows a potential move to the upside to 1.13575 and eventually