Monthly Archives: May 2018

EUR/USD: geopolitical tensions retook center stage ahead of NFP

So much for easing geopolitical tensions. The good mood was wiped out by headlines coming from the US, as the Commerce Secretary Ross announced that EU, Canada, and Mexico will start paying tariffs on steel and aluminum starting June 1st. Mexico and Europe didn’t take long to respond, with the EU…

USDCHF hits one-month low; medium-term outlook still positive

USDCHF has lost 2% of its value after reaching a one-year high of 1.0056 in early May. Earlier on Thursday, the pair touched a one-month low of 0.9847.

The RSI continues to fall, having crossed below the 50 neutral-perceived level. This is indicative of the bearish short-term bias that is in plac…

000webhost logo