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EUR/USD Forecast And Price Action For April 17th

This week is almost ended, Easter is here and investors took a break. The Euro-dollar currency pair moved sideways from the opening price to the current moment. Tuesday the price stopped at 1.3800 even though the fundamental analysis was sustaining a … [Continue reading]

EUR/USD Forecast And Price Action For April 15th

The EURUSD doesn’t stop to amaze me. The quotation touched 1.3900 before the Friday close. During the past weekend Draghi had a speech in which he mentioned the possibility of quantitative easing because the Euro is pretty high and it will hurt EU’s … [Continue reading]

USD/JPY Forecast For April 14 – 18

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USDJPY had a downfall last week amid a selloff of the US dollar, pushing the quote again towards the 101.00 level. Even though the macro indicators from the Nippon economy were weak, the most important one, current account, managed to stabilize … [Continue reading]

NZD/USD Forecast For April 14 – 18

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The retracement we were talking about last week did not seem to matter too much for the NZDUSD bulls as the quotation broke the resistance level from 0.8700 and flied to a new annual high of 0.8745. Well, the macroeconomic data had its part as the … [Continue reading]

EUR/USD Forecast And Price Action For April 10th

1.3815 fell yesterday under bulls’ pressure. EURUSD’s price has rallied again and got near 1.3870 near the end of the trading day, right after the release of the FOMC meeting Minutes. I was expecting the US dollar to strengthen, but the opposite has … [Continue reading]

EUR/USD Forecast And Price Action For Aprilie 9th

Because I skipped (without intention) yesterday’s forecast I will try to recuperate today. On Monday we had no important economic releases for US and EU. I was expected a low volatility day with no more than 60 pips move and so it was. The European … [Continue reading]

USD/JPY Forecast For April 7 – 11

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USDJPY had a flying evolution for the first four days of the week and managed to establish a two month high above 104.00 level. Friday was the day the investors were waiting for because the NFP report had to be published. The new jobs created were … [Continue reading]

NZD/USD Forecast For April 7 – 11

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NZDUSD had the downfall we were warning about last week, but the bulls were hard to beat as the ascending trend continued Monday and Tuesday the 0.8700 level was hit. From that point all went downhill as even the macroeconomic data for New Zeeland … [Continue reading]

EUR/USD Forecast And Price Action For April 7th

Last Friday we had a volatile but directionless trading day. The Non-Farm Payrolls was published, as I expected inside 190K – 205K (at 192K) and the Unemployment Rate for US stood still at 6.7%, even though analysts expected a 0.1% drop. In my … [Continue reading]

EUR/USD Forecast And Price Action For April 4th

1.3700 was hit after less than a week. The ECB maintained the minimum bid rate at 0.25% and reiterated that it will be held at this level or lower for a prolonged period of time. At the ECB press conference nothing new was brought on the table in the … [Continue reading]

EUR/USD Forecast And Price Action For April 3rd

As I was expecting yesterday, the volatility rose around US publications. The release of the ADP did not surprise the market since it came around expectations, but triggered optimism in what concerns the NFP release from Friday. The surprise of the … [Continue reading]

EUR/USD Forecast And Price Action For April 2nd

Yesterday economic indicators published for the Euro Area were mixed.  The Spanish Manufacturing PMI was published in line with the estimates, 52.8 and the Italian Manufacturing PMI was also in line with analysts’ estimates. These two happened to … [Continue reading]