Pound/Dollar: Expected Fall to 1.5145
On Thursday the pound/dollar was trading above the LB in a range of 70 points. In the first half of the day the rate dropped to 1.5173 and in the second it returned to 1.5240. It’s now...
Author: alpari.com
Euro/Dollar: Expected Fall to 1.0737 by Day’s End
Yesterday’s Trading: On Thursday, trading of the euro/dollar closed up. Sharp fluctuations on the euro were caused by ECB president Draghi’s speech and by speeches from US Fed representatives. Draghi promised to reassess QE in December and...
Euro/Dollar: Nearing Important Support Zone
Yesterday’s Trading: Expectations of a euro weakening rang true. Strong service PMI data from the US’ ISM and ADP and comments made by Yellen lent support to the dollar. Employment creation in the US private sector was...
Euro/Dollar: Euro readying for Fall
Yesterday’s Trading: On Thursday, the euro/dollar shot upwards without updating the minimum. The fixation of profit led to a fall in the dollar rate against many pairs. I did allow for such a scenario. The dollar weakened...
Euro/Dollar: Expected Recoil Before Minimum Renews
Yesterday’s Trading: The euro/dollar ended up closing down yesterday. The euro lost 160 points after the Fed published its press release. The Federal Reserve decided to leave the interest rate unchanged in a 0.0%-0.25% range. In the...
Euro/Dollar: Readying for a Fall
Yesterday’s Trading: My Monday’s expectations came off fully. The euro/dollar lifted to 1.1055 and then fell to 1.1003. From here it renewed to 1.1067 due to weak US housing data. Sales of new homes fell to 468,000....