Daily Look

EURUSD Daily Pivots R3 1.0981 R2 1.0943 R1 1.0897 Pivot 1.0859 S1 1.0813 S2 1.0776 S3 1.073   EURUSD fell below the short term support at 1.08333. If we see …

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After the drama of Friday, we saw a relatively subdued start to the week in FX markets. The two main events of the day, namely the start of QE in …

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EURUSD Daily Pivots R3 1.116 R2 1.1096 R1 1.097 Pivot 1.0904 S1 1.0778 S2 1.0712 S3 1.0586   EURUSD declined to new multi year lows trading at 1.084 levels. The …

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The single currency starts the week scraping itself from the floor after last week’s concerted push lower. The break below 1.10 on EURUSD happened before the US jobs data, but …

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The two main events this week were the ECB monetary policy announcement and the US non-farm payrolls report. As expected, the ECB left rates on hold. The bank upgraded growth …

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The American job market is roaring ahead. According to non-farm payroll numbers released this morning, the US economy created more than 295,000 jobs in February, driving the unemployment rate down …

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A bit of volatility in EURUSD during yesterday’s ECB press conference saw the rate recover to back above 1.1100 as Mario Draghi announced upgrades to growth forecasts for the Eurozone, …

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EURUSD Daily Pivots R3 1.1227 R2 1.1170 R1 1.110 Pivot 1.1043 S1 1.0973 S2 1.0916 S3 1.0845   EURUSD has been declining in a stair step fashion for the past …

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The euro suffered further losses against the US dollar yesterday hitting a fresh 11 and a half year low following a morning of mixed to slightly weaker than expected Eurozone …

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This time it was the turn of the Reserve Bank of India to surprise markets with an interest rate cut which has come at a time when a handful of …

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