HYCM - Forex Market Reviews - Page 3

EUR/USD testing highs post-EMU data

The shared currency picked up further pace vs. the dollar on Friday, pushing EUR/USD to challenge session tops near 1.0970...

Gold struggles to rise on Yellen comments and strong US dollar

Gold prices are struggling to extend gains above USD 1205/Oz levels as the USD index rose to one-month high, and after Federal Reserve Chair Janet Yellen indicated the US central bank was likely to raise interest rates this year...

EUR/USD spikes to 1.1175 on German data, back at 1.1150

The pair has an immediate resistance at 1.1200 levels, above which gains could be extended to 1.12 23 (May 5 High) levels. On the flip side, support is seen at 1.1100 below which it could extend losses to 1.1063 (May 20 Low) levels...

EUR/USD expected to stabilise above 1.10 levels

Richard Franulovich of Westpac, expects US data next week to underwhelm the recovery of the economy, and hence expects EUR/USD to stabilize at current levels...

Positioning for FX into data releases ahead

Kit Juckes of Societe Generale, prefers remaining short GBP/USD into the BoE Minutes release...

EUR/USD falls below 1.12as ECB may “accelerate” QE

The EUR/USD pair weakened sharply to 1.12 as it met with fresh offers above 1.13 after the ECB’s Coeure said that the bank may front-load its QE program before summer for seasonal reasons...


All eyes on the OPEC meeting at Vienna - DB

FXStreet (Barcelona) - Analysts at Deutsche Bank note that the Thursdays OPEC meeting at Vienna will be a closely watched affair with speculations going around that there will be a 1m a day cut in barrels produced.


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