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EUR/USD: Post-ECB: Towards 1.20 Before A Meaningful Correction – SocGen
Societe Generale Cross Asset Strategy Research highlights 2 key points from EUR price action in reaction to today's July ECB meeting.
"Firstly, this is a meeting in late July, a time when market reactions should not be over-interpreted. Secondly, Read More →
Euro takes the cue from a weaker USD; Aussie sells-off as RBA cools rate hike expectations
We had a mixed close for yesterday’s US session and gains were marginal, but worth noting Nasdaq’s 10 day gains. However the ability of Trump’s Government to push forward further policy changes keeps being questioned especially now that it has Read More →
EURGBP – Euro Consolidating Gains above 0.8940 Vs British Pound
Key Points
- The Euro surged higher this week and settled above the 0.8900 handle against the British Pound.
- There is a connecting bullish trend line forming with support at 0.8900 on the hourly chart of EURGBP.
- Today in the Euro Read More →
AUDNZD – Aussie Dollar Remains In Uptrend Vs Kiwi Dollar
Key Points
- The Aussie Dollar made a nice upside move and traded above 1.0800 against the New Zealand Dollar.
- There is a crucial ascending channel pattern forming with support at 1.0780 on the hourly chart of AUDNZD.
- Recently in Australia, Read More →
