You are here: Home > articles > Forex > Bullet Report: EURUSD bounces to 1.0800 . Could this be a longer term trend?
Bullet Report: EURUSD bounces to 1.0800 . Could this be a longer term trend?
March 21, 2017 8:56 amVideo
Latest News
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
The Dollar is yet again on the defensive as it continues posting new lows versus all currencies. The downfall started after last weeks FED rate increase, mostly due to the fact that the FED expressed some cautious optimism going forward. This has disappointed investors who were looking for 4 rate hikes this year as the risk of just 3 is now very likely.
The EURUSD gained 0.5%% so far, reaching highs of 1.0798 from 1.0735 lows, as the sentiment surrounding the French elections is leaning towards a pro-Europe candidate, easing concerns over a potential France exit from the European Union (EU) – Frexit.
GBPUSD edged down slightly to $1.2338, but remained well shy of its Monday high of $1.2436, its highest since Feb. 28. The GBPUSD fell after Prime Minister Theresa May’s statement that she will trigger Britain’s separation proceedings with the European Union on March 29, launching two years of Brexit negotiations.
Gold pushed to a two week high of $1235 as investor sentiment continued to improve after the FOMC meeting last week. Losses in equity markets and rising political uncertainty ahead of the French elections have also been supporting prices. The metal has been under pressure today as the French election polls indicate a small probability of any unwanted surprises.
Wall Street stocks declined as market participants worried that President Donald Trump’s plan to reduce taxes and bolster the US economy could take longer than expected.
A couple of speeches from FED’s Dudley in the UK and BoE’s Carney will be key today. Also in the UK, we will have the release of inflation data which the market will pay attention to.
The post Bullet Report: EURUSD bounces to 1.0800 . Could this be a longer term trend? appeared first on Forex.Info.
Source: Easy Forex Forex.Info
Related Posts: