EUR/USD: Market Lying in Wait for NFP
The euro was up against the dollar on Thursday, having past 1.1200. The BoE and weak US stats had a positive effect on the price of the euro.
Pound Down After BoE Minutes
The dollar continues to weaken on Thursday. The euro/dollar reached 1.1183 and the pound/dollar hit 1.4665. Pressure on the dollar is up after Dudley’s announcement yesterday and the disappointing PMIs from Markit and ISM.
Euro Correction Expected After Break in Trend Line
In mid-December the euro bulls didn’t manage to strengthen above 1.10. Now they are in jubilation on part of New York Fed chief Dudley who helped them pass the important technical levels and pop the stops off the sellers’ short positions.
Euro Ready to Pass 1.0950 Resistance
My Tuesday’s expectations came off in full. The euro/dollar fell one point short of the 1.0940 target. The falling stock indices and oil prices helped the euro strengthen.
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