Monthly Archives: June 2018

Euro recovery continues to build as the US dollar slips further

The recovery in the euro is gathering pace as markets are responding to the surprisingly hawkish comments from the ECB’s chief economist Peter Praet. In a speech yesterday, Praet suggested that the ECB could begin to formally discuss the winding down of the massive asset purchase program that has…

Pending Long AUD/NZD, Awaiting a Push Above Critical Resistance

The Australian Dollar has been advancing higher against its New Zealand counterpart over the past couple of months. On the chart below, AUD/NZD tested the 2015 rising support line most recently in April and could be heading higher to 2013 descending channel resistance. There are fundamental reasons…

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