EUR/USD Risks Further Losses as COT Points to Stretched Positioning

Talking Points EUR/USD Daily Technical Outlook:EURUSD reversed off Fibonacci resistance earlier this month at the 1.618% extension of the advance off the yearly lows at 1.1285. The pullback is now testing a key near-term support confluence at ~1.1128 where the 61.8% retracement converges on former slope resistance. A break below this mark shifts the focus […]

EURUSD – Dips Favored Following Week of Monster Momentum

What’s inside: EURUSD blasts through important technical hurdles Finished last week above another key level, turning old resistance into new support Overbought in the short-run, but trend and momentum favor dip-buyers See what’s driving EURUSD this quarter, check out our Q2 forecast. Last week, EURUSD put in a monster performance by rising nearly 3 big-figures. […]

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Euro Surges, Driving EUR/USD 150 Pips Higher In Extreme Illiquidity

Talking Points: A EUR/USD surge in the ‘after hours’ Thursday night rippled through the FX market Periods around market holidays are known for illiquid trading conditions There were no obvious headlines promoting the dramatic move Would you like to know more about trading currencies or commodities? Check out our DailyFX webinars. A seemingly quiet transition […]

Improving U. of Michigan Survey to Propel Post-ECB EUR/USD Losses

– U. of Michigan Confidence to Increase for Second Straight Month in December. – 12-Month Inflation Expectations Have Held at Annualized 2.4% for Last Three-Consecutive Months. For more updates, sign up for David’s e-mail distribution list. Trading the News: U. of Michigan Confidence Another uptick in the U. of Michigan Confidence survey may fuel the […]

EUR/USD to Extend Losses on ECB QE Adjustment/Extension

– European Central Bank (ECB) to Retain Zero-Interest Rate Policy (ZIRP). – Will the Governing Council Adjust/Extend the Non-Standard Measures? For more updates, sign up for David’s e-mail distribution list. Trading the News: European Central Bank (ECB) Interest Rate Decision Even though the European Central Bank (ECB) is expected to retain the zero-interest rate policy […]