Community Blog

Filtered by tags:  Economic Recovery
Avatar

EURo perky into ECB decision

ECB meets today and, even though they may not like euro appreciation, they can't do much about it because it's a function of economic recovery in Europe relative to other regions. Any short-term weakness will likely be seen as a buying opportunity.
EUR/USD is trading just below 1.20 as we head towards the decision. 1.18 - 1.1825 is the first stronger support before 1.1650 - 1.17. On the topside, August high (1.2075) is the initial target before 50% retracement of the 2014 - 2016 decline (1.2160)…
Read full story
Translate to English Show original
orto leave comments
Avatar

FOMC meeting yesterday changes little

At yesterday's FOMC meeting a lot was said - but traders mostly read between the lines:
good news (but we are not there yet) concerning economic recovery, most members supported tapering last month,
there is a little worry though about deflation which could slow economic recovery or cause new problems
All in all no real reasons to cause new optimism, and the dollar fell slightly after the meeting
The Euro fell quite hard, too - just before the meeting when dollar strength was greatest in anticip…
Read full story
Translate to English Show original
HOANG_MAI_NHI avatar

agree with u

orto leave comments