EUR and ECB Crib Sheet

With expectations running high, it will be very difficult for the ECB to reverse the EUR/USD uptrend. The weak dollar dynamics are too powerful and despite more ECB easing expected this week, EUR/USD should head higher next year. We target EUR/USD 1.25 in 2021, with a strong upside risk to 1.30. Expectations are running high

Daily Dollar Dose | 7th Aug ’20

The US Dollar has decisively fell out of favor and appears to have lost its ‘safe haven’ appeal, as investors dump it for other alternatives, particularly Gold, which continues on an amazing bull run after climbing previous all-time high of 1920 $/oz. Surging coronavirus cases in the US, flattening out labor market recovery numbers, inconclusive

Daily Dollar Dose | 31st Jul ’20

USD/INR opened sharply lower on account of further weakness in the Dollar. Spot USD/INR faced selling pressure after open, and momentum indicates further move lower looks possible. A move lower can take it to test 74.50-74.52 levels from where it has bounced back on previous occasions. On the 15 min pivot chart, Spot USD/INR opened

Gold eyes 1800 ; on recession worries.

  • Posted on
  • Posted in FinJour
After rangebound trading for quite some time in the 1680-1750 zone, Gold finally seems to have broken higher (currently @ 1761), with a daily close above 1750 on Monday, a 7-year high. Though stiff resistances remain in the 1750-1800 region to be overcome: 1765, 1792, 1800 key among them. 1728-30 should provide good support in
Theme BCF By aThemeArt - Proudly powered by WordPress .