EURUSD Forecast September 13, 2016, Technical Analysis
The EURUSD pair went back and forth during the day on Monday, as we continue to try to find our footing in this market.
The EURUSD pair went back and forth during the day on Monday, as we continue to try to find our footing in this market.
The Australian dollar initially fell during the course of the session on Monday, testing the 0.75 level.
The dollar staged a broad-based rally on Thursday to make back some of the losses it had suffered earlier in the week which had been on the back of a poor ISM services PMI reading and last week’s disappointing jobs report.
Nervous best describes US equity markets today, and with so many influences now coming to bear, and this nervous tension can only increase over the next few weeks.
The EURUSD pair initially took off to the upside during the day on Thursday, but turned right back around below the 1.1350 level to form a shooting star.
The AUDUSD pair initially tried to rally during the course of the day on Thursday, but then turned right back around to form a nasty looking shooting star.
ECB’s inaction clearly disappointed a few people as European stock indices dropped when the policy statement was released.
The GBPUSD pair fell significantly during the course of the day on Wednesday, as we found quite a bit of resistance in the area of 1.34 above.
The EURUSD pair initially tried to rally during the course of the session on Wednesday, but then turn right back around to form a shooting star.
Apart from Apple’s expected launch of the new iPhone, today’s other big event is the Bank of Canada’s rate decision, due at 15:00 BST (10:00 ET). Along with the consensus forecasts, we do not expect the BOC to make any changes to its policy.