Monthly Archives: February 2018

Daily Technical Report – 1 February 2018

EUR/USD is progressing. The pair is now retracing and lies well above 1.2325 (17/01/2018 high). Hourly support is given at 1.2223 (23/01/2018 low). The technical structure suggests further short-term upside moves. • In the longer term, the momentum is turning largely positive. We favor a conti…

FOMC leans hawkish on inflation pick up, supporting the dollar

Inflation is on the way back. At least that is the assessment of the Federal Reserve monetary policy announcement yesterday. The FOMC statement said that “inflation on a 12 month basis is expected to move up this year” to hit the Fed’s 2% target in the “medium term”. Fed funds futures have moved on…

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