EUR Will Decline Despite the Good Data

EUR Will Decline Despite the Good Data

Free Signal Alert for EURUSD 2015/11/23 EURUSD fell and continued to trade near 7-month low amid expectations of quantitative easing program expanding by the ECB after Friday’s speech of the central bank chairman Mario Draghi. Speaking at Frankfurt Banking Congress, Draghi said that at the December meeting, the regulator will assess the sustainability of the factors… Read more

Attempts of EURUSD Retracing Continued to Attract Sellers

Free Signal Alert for EURUSD 2015/11/18 EURUSD failed back above the previously breached short-term support line and pair is now storming the bids at 1.0650, feeling increased pressure. Fresh drivers for the pair are not expected, given the sparse economic calendar, but the technical picture remains favorable for the bears and a break below 1.0650 could… Read more

Traders Believe in US Dollar, but It Overbought

Free Signal Alert for EURUSD 2015/11/17 EURUSD again fell against the background of ECB President Draghi that current QE program will be reviewed at the December meeting. Recall, ECB aims to maintain inflation at around 2% a year. According to the median forecast of economists compiled by The Wall Street Journal, the index of economic expectations ZEW, which… Read more

Rates Differential Is More Than Enough for EURUSD Parity

Free Signal Alert for EURUSD 2015/11/13 EURUSD traded lower in anticipation of today’s publication of GDP data for Eurozone. Recall in the second quarter, real GDP of Eurozone increased by 0.4%, which was enough to return the annual rate of increase to 1.5%. The main support for the economy provided by consumer spending and net exports, which helped… Read more

Use Current AUD Growth for Long-term Puts

Free Signal Alert for AUDUSD 2015/11/12 AUDUSD showed abundant growth after the publication of unexpectedly favorable employment report in Australia. According to a report published today by the Australian Bureau of Statistics, the number of jobs in October unexpectedly rose by 58.6 thousand and the unemployment rate has fallen to around 5.9%. Labor Market Report in… Read more

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