Forex Trading Daily Forecast EUR/USD

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Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows (2)

There was a distinct difference in performance between basic risk trends and the US dollar. Though the Dow Jones Industrial Average briefly tested a new low for the year, it quickly recovered most of its lost ground. In contrast, the Dow Jones FXCM Dollar Index advanced for a second consecutive day to fresh 16-month highs. This conviction was echoed by EURUSD’s slide below 1.2625 (bringing it to its lowest level since July 2010), AUDUSD holding onto six month lows and NZDUSD breaking a multi-year rising trend. Risk aversion keeps this currency on its bullish bearing, but the rebound in US equities can pose a problem. As a liquidity haven, we need aggressive risk aversion to keep the dollar moving. Read more: Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows (2)

Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows

There was a distinct difference in performance between basic risk trends and the US dollar. Though the Dow Jones Industrial Average briefly tested a new low for the year, it quickly recovered most of its lost ground. In contrast, the Dow Jones FXCM Dollar Index advanced for a second consecutive day to fresh 16-month highs. This conviction was echoed by EURUSD’s slide below 1.2625 (bringing it to its lowest level since July 2010), AUDUSD holding onto six month lows and NZDUSD breaking a multi-year rising trend. Risk aversion keeps this currency on its bullish bearing, but the rebound in US equities can pose a problem. As a liquidity haven, we need aggressive risk aversion to keep the dollar moving. Read more: Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows

Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows (3)

There was a distinct difference in performance between basic risk trends and the US dollar. Though the Dow Jones Industrial Average briefly tested a new low for the year, it quickly recovered most of its lost ground. In contrast, the Dow Jones FXCM Dollar Index advanced for a second consecutive day to fresh 16-month highs. This conviction was echoed by EURUSD’s slide below 1.2625 (bringing it to its lowest level since July 2010), AUDUSD holding onto six month lows and NZDUSD breaking a multi-year rising trend. Risk aversion keeps this currency on its bullish bearing, but the rebound in US equities can pose a problem. As a liquidity haven, we need aggressive risk aversion to keep the dollar moving. Read more: Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows (3)

Forex Trading Daily Forecast EUR/USD

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DOWN - 100%