EUR/USD stable at 1.1750: to 1.20 or 1.15?

After a few weeks of significant advances, EUR/USD made a significant correction but never went too far. What’s next? Here is their view, courtesy of eFXnews: EUR/USD: Modest Consolidation; Near-Term Dips Buying opportunities – TD TD FX Strategy Research thinks the balance of risks favor some modest EUR/USD consolidation into Jackson Hole, especially noticing that it is […]

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Bannon is out, the dollar is up, but the Donald is the bigger problem

Trump is good at firing people, and that’s what happened today once again. Steve Bannon, an extreme nationalist, was relieved from his job as a political strategist. He accompanied Trump for around a year, first in the campaign, and then in the White House. Markets are certainly happy about scapegoating Bannon. For now. Trump’s failure […]

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EUR/USD Forecast August 21-25 2017

EUR/USD was pressured and slipped lower, but did not go far. Will it stay in range?. The upcoming week features Pthe PMIs, key German surveys and Draghi’s highly anticipated speech in Jackson Hole. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. German GDP slightly missed expectations but this did […]

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GBP/USD Forecast August 21-25 2017

GBP/USD remained pressured once gain even though some data points were OK. The upcoming week features the second read of GDP among other events. Here are the key events and an updated technical analysis for GBP/USD. UK inflation data missed expectations, pushing back any potential rate hike in the UK. On the other hand, there were encouraging signs from […]

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