Euro_ECB_Draghi

Last Thursday, the ECB chairman Mario Draghi again surprised the markets with more confusion. We all know that he is one of the most surprising chairman of the ECB with his actions and remarks. Yet, Thursday’s remarks added more confusion toward the ECB's upcoming plan, leading to a notable rally in the Euro for a limited time. The currency then...

2017-07-26 Nour Eldeen Al-Hammoury Read more
EURCAD – Inverse Head and Shoulders Target Reached. Expecting a pullback

About a few weeks ago, we pointed to potential trade opportunities in the Euro cross currencies; the EURCAD and the EURAUD. These two currency pairs got the attention largely for two basic reasons. The Aussie and the Canadian dollars are typically risk-on currencies and tend to rally usually when the markets are quiet and a certain element of co...

2015-07-14 John Benjamin Read more
EURCAD, Daily Chart - Inverted Head and Shoulders Pattern

The never ending saga of the Greece crisis is likely to keep the EURUSD trade sideways for the most part, until one of the two economies, namely the Eurozone or the US gives way. For the Eurozone, while a short term solution to the Greece crisis could see some kind of a rally in the Euro, in the longer term, with the issue not being resolved cou...

2015-06-25 John Benjamin Read more