European Central Bank (ECB)

USDCAD breaks higher The US dollar bounces back as traders pile into safer currencies at the expense of commodity assets. The previous rally above the supply zone at 1.2800 has prompted sellers to cover. Then a follow-up pullback…
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EURUSD falls as the prospect of rate hike fades The euro tumbles as traders cut their ECB rate hike wager. A dovish statement from the central bank is expected this week as the war at the gate of the eurozone intensifies. Surging…
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EURUSD sees limited bounce The euro retreats as the ECB may dial back normalization amid the Ukraine crisis. A fall below the daily support at 1.1130 was an invalidation of the February rebound and forced buyers to bail out. The…
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The EURUSD is down 250 pips from the start of the year. But since early February it has taken a turn lower, which significantly accelerated after Russia invaded Ukraine. The next major support level appears to be 1.1000. Will it fall…
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EURUSD recovers on narrowing divergence The US dollar steadies as bullish catalysts fade. Contrary to the market's belief, the US Fed may not push interest rates flat out. The January meeting minutes suggest that hikes could still…
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Monday's market activity will likely depend on Europe. Firstly, because the US and Canada are on holiday. Secondly, we get some key data out of the largest European economies. Generally, PMI figures tend to move market sentiment because…
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AUDUSD breaks higher The Australian dollar climbs as traders wager on a hawkish shift from the Reserve Bank of Australia. On the daily chart, a break above the 30-day moving average suggests improved sentiment in the short term. The…
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EURUSD hits resistance The euro fell back after ECB President Lagarde tried to cool rate hike expectations. The rally came under pressure at the January peak of 1.1480. The RSI’s overextension at this daily resistance prompted…
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USDCHF bounces higher The US dollar rallied after January’s nonfarm payrolls exceeded expectations. The latest pullback found support near the previous low at 0.9180. A bullish RSI divergence suggests a loss of momentum in the…
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EURUSD soars on hawkish ECB shift The euro surges as the market wagers on an interest rate increase in the eurozone this year. The ECB has finally acknowledged that high inflation could last longer than expected. Christine Lagarde…
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