Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation.
About      Faq       Contact     Shop

#forexbreakfast focus forex (Eng)

A busy week that just passed. It was in fact characterized by an increase in volatility due to potential market movers. First of all, the ECB meeting followed by the stall on the Brexit front, which has hurt the British currency. At the beginning of the week, the exchange rate returned to its 0.90 level following the continuation of the talks. The Eur / Usd exchange rate remained below the highs of the year recorded the previous week at 1.2179. Fed meeting and PMI data are expected, which could trigger further volatility in the exchange. Thanks to the rise in oil prices, the commodity currencies appreciated, leading the ruble, the Australian dollar, and the South African rand. On the other hand, the Mexican peso falls after the approval of the law that obliges the central bank to buy dollars from financial institutions that are unable to place them elsewhere. The Turkish lira is back in a phase of weakness, after possible sanctions by the USA and the European Union.

Eur / Usd

Last week the Eur / Usd exchange rate remained bullish. It failed to break out of the support at 1.2066, then rebounded towards the 1.2180 area. The daily oscillator signals an overbought phase, while the weekly oscillator is moving towards the same area. It is reasonable to expect a pause in the bullish movement. The supports to monitor are in the area 1.2066-1.2080 followed by 1.1837.

Eur / Gbp

Volatile week for the Eur / Gbp exchange rate that arrived in the 0.92 area, and then closed the week in the 0.9145 / 0.9162 area. As long as the exchange rate remains above 0.90, it will remain in a bullish neutral phase. A breach of 0.92 could lead the exchange rate towards 0.93. To the downside, the support at 0.8873 remains.

Eur / Aud

A decline week for the exchange with the Australian dollar. The Australian currency appreciated, causing the exchange rate to drop with the euro that went to test the support at 1.6082. The weekly oscillator is an oversold phase. It is reasonable to expect a rebound soon.

No Comments

Sorry, the comment form is closed at this time.