Markets News Regulators 

Markets play the waiting game ahead of ECB meeting

“Sterling is still the lead gainer on the day after the beat in the retail sales data but has fallen a little with cable now trading at 1.3428 after failing to hold a break above the resistance level at 1.3441 highlighted here The dollar meanwhile has been on the back foot since the start of the session and has only lost further ground – albeit a little – as the session progressed” reports forexlive.com. The euro is still holding up well and steady ahead of the ECB later, and should…

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News Regulators 

EUR/USD Forecast June 11-15 – ECB looks to exit, but trade wars weigh

“The ECB decision is left, right, and center in a busy week in the shadow of frictions around global trade” writes Yohay’s Google Profile for forexcrunch.com. The worsening relations between the US and the rest of the world around trade are set to take their toll and it is not priced in. Our latest podcast is titled Truce in trade and dollar domination Follow us on Sticher or iTunes.  Source: forexcrunch.com Share This:

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News 

EUR/USD Tumbles to a 2018 Low

“There is not a significant amount of economic data pertaining to EUR/USD in the week ahead, especially when compared with last week’s data” writes Jignesh Davda for investopedia.com. While these data do not account for a bulk of last week’s trading, the risk remains tilted to the downside for EUR/USD in terms of positioning. Source: investopedia.com Share This:

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News 

EURUSD trend down momentum slows, but still lower

“You can tell that by the slope of the lower trend line on the hourly chart below” reports forexlive.com. Today, the pair is lower but the pair stalled against a higher, flatter trend line.Another signal of the slowing trend, is the price made a new 2018 low on Friday at 1.19097 (vs 1.1915 low from January 2018).The EURUSD trend down momentum may be slowing. However, until then, the trend may be slowing/stalling/taking a breathe, but the sellers are still more in control. Source: forexlive.com Share This:

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AUD News 

Bearish on EUR/USD, GBP/USD, AUD/USD, and NZD/USD – UOB

“Here is their view, courtesy of eFXdata: EUR/USD: Bearish (since 01 May 18, 1.2075): EUR has to stay below 1.1910/15 or the risk of a short-term low would increase quickly” writes Yohay’s Google Profile for forexcrunch.com. NZD/USD: Bearish (since 02 May 18, 0.7005): Increasing risk of a short-term low. Source: forexcrunch.com Share This:

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News 

EUR/USD closes in on key near-term support levels as the dollar takes charge on the day

“The US dollar is the prime mover so far in European trading, leading the way against most major currencies – only sits behind the stubborn NZD. That has seen EUR/USD fall to a low of 1.2331 on the day, breaking the 23.6 retracement level @ 1.2353 which has stemmed previous falls over the last two trading days” reports forexlive.com. Yesterday’s hawkish tone by the Fed also doesn’t do the dollar any harm during the interim. Source: forexlive.com Share This:

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