Could Euro Be Ready to Take A Pounding From Britain’s Currency?

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The Euro has been declining for three consecutive days against the British Pound, but has yet to make a significant break to downside. The one thing holding support for this forex pair is the pending Bank of England (BOE) monetary policy announcement. Many speculators are expecting further stimulus and rate reductions to counter the economic […]

Currencies Market Morning Brief: December-16-2015

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U.S. Dollar Index March-2016 Futures Trading @ 98.25), the dollar has increased its support levels to 98 vs. yesterday morning’s support @ 97.20. It has initiated a short-term bullish reversal. It is currently consolidating with resistance above @ 98.42 and 98.89. Today’s Federal Reserve interest rate policy decision and the disposition towards a hawkish or […]

Currencies Market Morning Brief: December-15-2015

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U.S. Dollar Index March-2016 Futures: Trading @ 97.812 (+0.157), the dollar is finding support @ 97.20 and attempting to reverse its short-term downtrend. The Federal Reserve interest rate policy meeting and its expected rate hike are also lending support. Resistance is @ 98.00 -98.20. (6:12am PT) Spot EUR/USD: Trading @ 1.097, the rally in the Euro may […]