Tag Archives: Gold

FX Daily

In terms of data releases we have a quiet day ahead of us.

Bears take comfort in the lack of follow through following the spike above 21 & 55-DMAs Thursday.

EUR/USD has declined sharply near the resistance area between 1.2577 (04/11/2014 high) and 1.2600,

The German IFO expectations are due for release and we look for another positive surprise.

EUR/USD moved higher towards the key resistance area between 1.2577 and 1.2600 yesterday.

At the meeting tonight, we expect the FOMC to remove considerable time from the statement,

The aggressive bounce Tuesday stalled ahead of $1224.3 before reversing sharply lower and

EUR/USD is consolidating. The recent succession of lower highs needs to

In the euro area we expect higher PMI figures,

Continued hesitation around the $1237.7-1240.6 region has seen the correction lower begin with

EUR/USD has bounced near the hourly support at 1.2362.

Today focus will be on US data with the release of industrial production.