AUD/USD analysis: holding ground, sellers waiting for higher levels

AUD/USD Current price: 0.7659 The AUD/USD pair fell down to 0.7612 this Wednesday, with the Aussie hit by disappointing local data, as Building  Permits in September plunged by 8.7% monthly basis, missing expectations of a 3.0% slide. The pair, however managed to recover the ground lost and entered positive territory on broad dollar’s weakness, surging …

GBP/USD analysis: retreating from the top of the range, BOE next

GBP/USD Current price: 1.2234 The GBP/USD pair advanced up to 1.2354, the highest since last October 11th, helped by dollar’s broad weakness and the release of the UK Markit Construction PMI, up to 52.6 in October, from previous 52.3 and expectations of 53.3, but the pair retreated back towards the 1.2300 level during the US …

EUR/USD analysis: FED overshadowed by political jitters

EUR/USD Current price: 1.1099 US election’s jitters sent worldwide stocks down alongside with the greenback that resulted in the EUR/USD pair rising up to 1.1122, a fresh 3-week high ahead of the FOMC’s announcement. Concerns over Trump’s victory, after latest polls signaled an increase in the odds of such outcome, overshadowed the Central Bank meeting, …

EUR/USD analysis: Central Banks and US elections to keep investors on their toes

The American dollar tread water against it major rivals by the end of last week, but suffered a setback after the FBI Director James Comey, announced on Friday  that they would reopen probe into Hillary Clinton emails, on newly discovered material, “potentially pertinent” to the investigation. The bureau, however, has not yet gotten a search …

EUR/USD: dollar in trouble ahead of Yellen’s testimony

EUR/USD Current Price: 1.1152 View Live Chart for the EUR/USD The EUR/USD closed the week at 1.1152 after being as high as 1.1245 during this Friday, posting its largest weekly advance ever since ECB’s Draghi announced more easing for Europe early December. Dollar’s longs got smashed all across the board, as hopes for  further tightening …

EUR/USD: limited downward potential ahead of Asian opening

EUR/USD View Live Chart for the EUR/USD Majors closed mixed this Thursday against the greenback, with the EUR giving away half of its Wednesday’s gains. The pair retreated from the almost 1 month high set at 1.1042, as the dollar sell-off lost steam. There were no macroeconomic news behind the intraday decline, and the latest …