This has been a week full of data that has caused volatility across the global currency markets. A sense of anticipation rattles through the financial markets as the ECB press conference looms ahead. Most are anticipating the Central Bank may further monetary policy and because of this the EUR has been exposed to a lot of pressure. The next major focus for the week will be the NFP on Friday.
-The EURUSD still remains technically bearish on the daily timeframe
-The EURJPY remains heavily bearish on the daily time frame; below 130 we may see 129.
-The GBPUSD remains heavily bearish on the daily timeframe
This has been a week full of data that has caused volatility across the global currency markets. A sense of anticipation rattles through the financial markets as the ECB press conference looms ahead. Most are anticipating the Central Bank may further monetary policy and because of this the EUR has been exposed to a lot of pressure. The next major focus for the week will be the NFP on Friday.
-The EURUSD still remains technically bearish on the daily timeframe
-The EURJPY remains heavily bearish on the daily time frame; below 130 we may see 129.
-The GBPUSD remains heavily bearish on the daily timeframe
-Gold is heavily bearish on the daily timeframe.
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