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Published on Aug 25, 2016
The
euro had a slightly positive session during the day on Thursday, but
did get back about half of the gains towards the end of trading. With
this being the case, looks as if the market does look like a lead to try
to grind higher, but I think there’s a lot of noise in this
marketplace, and as a result it might be difficult to hang onto the
trade for any real length of time. I see this is a market that is simply
bouncing around between the 1.1350 level on the top, and the 1.12 level
on the bottom. Volatility will be something you can probably count on,
but it might be in slow motion essentially as we are in the middle of
the holiday season.
Forex Analysis, Forex, Technical Analysis, Trading, Forex News, Currency Pair, EUR/USD, GBP/USD,
Forex Analysis, Forex, Technical Analysis, Trading, Forex News, Currency Pair, EUR/USD, GBP/USD,
USD JPY and NZD USD Forecast
Published on Aug 25, 2016
This
particular market continues to be fairly quiet but that doesn’t
surprise me due to the fact that we are at the very end of the holiday
season, and as a result almost everybody is away from their desks.
However, with even more important as the 100 level as I see it being a
bit of a “line in the sand” for the Bank of Japan. I think if we break
down below there won’t take very much to convince them to either
intervene, jawbone the currency pair higher, or do some type of
quantitative easing extension program. Either way, the Japanese are not
pleased about the value of the Yen at the moment.
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