Forex Blog

EUR/USD Yesterday, the single European currency almost completely ignored the incoming foundation. Thus, the data on employment and industrial production in the euro area turned out to be better than expected, but instead of strengthening, the euro / dollar pair fell to a significant support of 1.1200. Such a corrective decline was predictable, and now, most likely [Read more...]

GBP/USD The upcoming Fed meeting and the referendum on Britain's exit from the EU have increased panic in the market. Thus, the publication of a number of polls, which indicate a greater number of supporters of leaving the European Union, led the Briton to new lows in almost all areas. The gbp/usd pair has gone from [Read more...]

EUR/USD Having suffered crushing losses at the beginning of the current five-day trading period, the US dollar is trying to correct ahead of the Fed meeting. The single European currency was the first to be dealt with, which lost over 100 pp yesterday. And judging by the combination on the daily timeframe, this is not the limit of the decline. Yesterday [Read more...]

EUR/USD Janet Yellen's performance on Monday evening did not inspire euro bulls to new achievements. The level of 1.1400 has turned out to be beyond the reach of buyers, and for the third day in a row the euro/dollar pair has not been able to get out of the narrow range of 1.1380-1.1340. This is rather strange, as the eurozone GDP in the first quarter was better than [Read more...]