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EURUsd breaks back above 1.12

AdamFx42 Posted 23 Giu  in #Trader's blog #Eurusd #Recovery #Stronger
Bit of a surprise to me - but EurUsd recovers at the end of the week
I did not see this coming - but EurUsd breaks back above 1.12
just before market close and weekend
UsdJpy and GbpUsd have hardly moved today - but EurUsd did for some reason
It is not clear to me what the driver is here
If EurUsd can hold above 1.12 for the weekend it will look more bullish next week
have a great weekend all!
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Commodity currencies rising up

AdamFx42 Posted 19 Apr  in #Trader's blog #AUD #NZD #Stronger
There is notable strength in the commodity currencies
These so-called 'commodity' currencies are in fact Nzd and Aud, amongst others
The reason that they are called so is because they usually indicate overall market bullishness
and/or recovery, and are a sign that traders are willing to invest
in more risky trades (i.e. Nzd, Aud, and Gold, Silver and Oil)
We see today that Nzd has broken above 0.70 for the first time in a long while,
and Aud is stronger too
Oil is up, and Gold is recovering from…
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