A technical look at the major currency pairs heading into the new trading week

What are the technical’s saying for the major currencies. EURUSD: The EURUSD extended the week’s trading range in the NY afternoon (taking out the low from Tuesday at 1.12402. The break took the price to the 38.2% of the move up from the May 25 low.  That level comes in at 1.12105.   The high for […]

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FX Beats: Major Pairs Outlook for This Week

Global markets started the week with moderate optimism thanks to positive news flow related to re-opening of economies, increasing consumer mobility and lifting of related caps on consumption. News about gradual return of Europe and some US states to their normal economic rhythm somewhat neutralize dismal reports from the economic front. The spurt in risk […]

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FX Beats: Major Pairs Outlook

U.S. dollar Jay Powell’s testimonial on Tuesday demonstrated the Fed’s intransigent position towards negative interest rates in the US. Meanwhile the assessment of economic prospects was rather gloomy, which together with NIRP comments resulted in a rather unbalanced and unusually dovish communication for a traditional centrist (which Jay Powell is), which disappointed market. The most […]

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