Price action OCT 30th
EURUSD remained bought throughout the day. The preference is buying at 1.06. We will wait for the European opening tomorrow if we have a valid retracement until 1.06 to return for purchases until TP 1.0610 and 1.0620. If, on the other hand, buyers begin their day with buying pressure from 1.0610/1.0620, then purchases extend to […]
Price action October 11
EURUSD remained a buyer in the market session. Preference remains short below the highs of 1.0630/1.0620. Be careful because the buyers of 1.06 are still sustained, so the sales are only up to 1.06. Once below 1.06 the selling extends to 1.0590/1.0580. The United States inflation data may suggest a bullish dollar. Keep in mind […]
Price action scalping OCT 10th
EURUSD remained a buyer in the current session. The preference is short if it falls below 1.06 to 1.0570. If the price remains above 1.06 at the European opening, it is possible that the buying intervals will extend to 1.0620 and 1.0630. Above 1.0630 the buying pressure increases to 1.0650. Remember that buyers are still […]
Price action trading OCT 1st
EURUSD remained below 1.06 in its closing session although the potential annual lows remain above 1.0550. The bet is still latent that the European numbers will improve this Monday. Production data will be presented tomorrow at the European opening. We will be attentive to good forecasts. The preference is buying over 1.0550. If the production […]
Price action SEP 20th
EURUSD had a mixed day. The preference is to sell below 1.07. Levels between 1.0660 and 1.0650 remain pending. It is important to consider the lows of 1.0660 and 1.0650 as buy reversal levels. While below 1.0650 we are going to sell until 1.0640/1.0630. GBPUSD despite its buying rally, the preference is to sell below 1.24. […]
Fx market update week 19th to 23rd trading online
EURUSD remains buyer within the levels above 1.09. It is estimated that the market could anticipate the testimony of Jerome Powell boosting the dollar this week. Euro could see significant profit taking below 1.09 to 1.0850 ahead of negative production data this Friday. Attention with levels between 1.0950 and 1.0960 ideally do not keep buying […]
Market update MARCH 20th EURUSD GBPUSD USDCAD
In the midst of a turbulent week for financial markets, it is reassuring to witness the swift and collaborative efforts of regulators and major financial institutions working together to stabilize the situation. The magnitude of these measures, which include full deposit guarantees at strained US banks, a new Federal Reserve facility to counteract deposit flight […]
ECB and FOMC this week. Stimulus plans and bond purchases are key for the euro this week.
This Thursday, 12/16, important decisions are expected from governors of the European Central Bank who could delay part of a decision on the ECB’s stimulus plans, since the perspective has changed due to a new variant of the coronavirus and the growing pressures on the prices. The ECB’s Governing Council will meet on December 16 […]
Omicron the new variant threatens all of Europe. The WHO qualifies as worrisome and with a higher risk of reinfection.
The SARS-CoV-2 Virus Evolution Technical Advisory Group (VE-GAD) is an independent group of experts that periodically monitors and evaluates the evolution of SARS-CoV-2 and assesses whether mutations and combinations of mutations alter the virus behavior. The VE-TAG was convened on November 26, 2021 although the first known confirmed infection for B.1.1.529 (Omicron) was from a […]
Fourth wave of infections in Europe. Mandatory vaccination.
German politicians are debating mandatory COVID-19 vaccines for citizens in light of rising infections and low inoculation rates. Members of Angela Merkel’s conservative bloc said Sunday that federal governments and should introduce mandatory vaccines soon, as well as other efforts to boost Germany’s low inoculation rate of just 68% have failed. “We have reached a […]