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Day: July 21, 2016
July 212016
EUR/USD Tries to Rally — Retains Bearish Bias
The EUR/USD currency pair was in a slow decline during the most of the trading session today. It had spiked up, attempting to start a rally, following some mediocre fundamental US data, but then quickly returned to its way downwards. Initial jobless claims went down from 254k to to 253k during the week ending on July 16. The indicator was somewhat better than the 265k forecast expected by the traders. (Event A on the chart.) […]
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July 212016
Euro Trade Mixed on the Forex Market
Euro is mixed against its major counterparts today as Forex traders look ahead to coming weeks and try to determine what might be next. Concerns about potential stimulus in September, as well as the recent focus on buying corporate bonds, have some wondering whether there is more weakness ahead for the 19-nation currency. Recently, the ECB announced that it is buying corporate bonds, and there have been negative […]
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