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The pair starts the week with caution following Friday’s new six year highs, in the aftermath of the monetary policy decisions by the central banks of the US and Japan
Despite showing some resilience the EURUSD has started to roll over.
The pair extends this week’s recovery, as Fed’s lift-off did not surprise and Eurozone’s CPI Inflation rose further
The Federal Reserve hiked rates for the first time since 2018 on Wednesday, sending the pair to new highs, as the policy differential between the central bank of US and Japan favors the greenback
EURUSD May be setting up ahead of crucial Fed announcement and press conference.
The pair rises after its poor start to the week, as optimism is prevalent today, while markets prepare for the Fed’s policy decision later in the day
The pair finds support today as it defends 1.3000, after hitting its lowest level since late 2020, with markets bracing for the upcoming policy decisions by the US and UK central banks
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The pair extends its five year-highs after last week’s stellar performance – the pest since the start of the pandemic
FXCM's dollar basket, the USDOLLAR, has charted another higher trough followed by a higher peak in its series. This pattern is a continuation of the greenback's uptrend. We also note that the weekly stochastic has turned up – we are interested in seeing if it hits the 80+ region and holds (green rectangle). The underlying momentum will suggest further upside for the buck if it does. This strength comes before…
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