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Last month, US inflation fell more than expected due to cheaper energy and food. The CPI rose 5%, down from 6% the previous month and just below the expected 5.1%. We had warned of this...
The EUR/USD reversed up from the April 10th failed bear breakout and is now at the February 1st close. I have been saying the market would probably reach the February 1st close and allow the scale-in...
EUR/USD movement today hinges on the US CPI release of course. The pair is in a 6-month bull trend but having failed to beat the 100 week, 500-day moving averages & the January high it is looking...
The EUR/USD is finding buyers at the moving average (blue line). The market will probably have to get closer to the February 1st close. The rally on April 4th is probably not enough of a test of the...
EUR/USD has climbed around 0.60% today and pushed above the 1.09 line Eurozone Sentix Investor Confidence improved to -8.7 Eurozone retail sales fell by 0.8% Eurozone Sentix Investor Confidence...
Here are two major cross-rates that seem to be telling different stories about the direction the US dollar is going to be heading. The first is EUR/USD, which to my eyes looks ready to plunge...
The EUR/USD pair is retreating for a second day on Monday, sliding to the 1.0850 area after hovering around 1.0900 for a period of consolidation. The absence of any significant high-tier data releases...
The EUR/USD pair entered a consolidative phase on Thursday amid thin trading conditions while investors wait for the U.S. nonfarm payrolls report. At the time of writing, the EUR/USD pair is trading...
The EUR/USD sold off yesterday as traders began to sell on the test of the February 1st close. There were scale-in bulls who bought the February 1st close, and they bought lower. These bulls were...
The EUR/USD pair has retreated from highs and trimmed weekly gains as investors booked profits ahead of the long Easter weekend. Additionally, soft U.S. data triggered risk aversion, helping the...
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