Bulls crack main technical barrier ahead of US NFP data
Cable cracked 200DMA barrier (1.2665) on Friday after double close above 100DMA (1.2560) generated fresh bullish signal.
The pair holds in green for the seventh straight day, as dollar continues and traders maintain cautious optimism for a…
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Bulls eye 2020 high after taking out the last barrier; US jobs data in focus
The Euro continues to trend higher, extending steep uptrend into ninth consecutive day and hit new nearly three month high at 1.1383 in early European trading on Friday.
ECB’s decision to increase bond-buying program for additional 600…
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The dollar falls across the board after ECB announced increase of bond buying program
The dollar fell across the board after the ECB announced the increase of bond buying for additional Eur 600 billion, bringing the total of the program for supporting the economy after pandemic (PEPP) to Eur 1.135 trillion.
The action of…
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Euro eases from new high awaiting fresh signals from ECB / US jobless claims
The Euro eases from new 11-week high at 1.1257 on Thursday, partially due to overbought conditions and partially as positioning ahead of ECB’s policy announcement. |
The pair holds in steep uptrend which lasts almost three weeks, boosted…
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Key resistances at 1.2642/62 coming in focus
Cable broke above 100DMA (1.2565) on Wednesday and dented 1.2600 barrier, hitting one-month high at 1.2611.
Optimism over EU/UK Brexit negotiations and falling dollar underpin sterling, keeping the pair in green for the fifth consecutive…
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