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EUR/USD: The single currency rose higher against its US counterpart Wednesday in the aftermath of the FOMC. The central bank left rates unchanged between 2.25-2.50%, as expected, though tweaked the language in its statement to reflect a more dovish stance. Erasing Draghi-induced losses, the candles gravitated to a high of 1.1254. H4 price, after engulfing … Continue reading Thursday 20th June: Dollar index on defensive after Fed signals readiness to cut rates; trades sub 97.00.

EUR/USD: The euro witnessed a reasonably robust decline vs. its US counterpart Tuesday, following ECB’s President Draghi opening the door for further monetary stimulus, as well as the ZEW Indicator of economic sentiment for Germany decreasing sharply in June 2019 – stands at -21.1 points. For folks who read Tuesday’s technical report you may recall … Continue reading Wednesday 19th June: Dollar index trades at weekly resistance 97.72 ahead of today’s crucial FOMC meeting.

EUR/USD: The single currency was uninspired Monday, with action likely restricted throughout the markets ahead of the Fed’s decision later this week. As is evident from the H4 setting this morning, the candles remain engaged with the 1.12/1.1221 neighbourhood (comprised of April and May’s opening levels at 1.1221 and 1.1211, the round number 1.12 and … Continue reading Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.

The US dollar index, or DXY, ascended to its highest level in almost two weeks Friday following promising retail sales data in May. US retail sales came in at +0.5%, short of the 0.6% expected.

EUR/USD: With upside attempts being limited at the 1.13 handle during early European hours Thursday, the euro declined further against the greenback, down 0.09% on the day. As is evident from the H4 timeframe, the next downside obstacle falls in around support at 1.1262, which happens to align closely with a 38.2% Fibonacci retracement at … Continue reading Friday 14th June: Dollar crosses above 94.00 ahead of today’s retail sales figures.