Daily reviews

EURUSD

The pair has found support on the level of 1.2290 as it’s still uncertain what the ECB is going to do with the economic stimulus program this year. The uncertainty on the markets also keeps the pair from going either upwards or downwards.

The price is below the middle …

USDCAD

The pair has found support on the level of 1.2870 as the Bank of Canada isn’t likely to hint at a possible active interest rates raise later this year. The raise isn’t expected today either. The pair may receive additional support due to Trump’s tariff increase in the US …

EURUSD

The single currency receives support due to Donald Trumps’s effort to increase customs duties on the import of metals in the US. This problem will also be discussed on NAFTA negotiations. However, this process is likely to be drawn out, while the investors will turn their attention to ADP …

EURUSD

The pair is testing the level of 1.2275 as the profitability of the US government bonds rises, while the market expects the Fed to raise the rates.

The price is above the middle line of the borders of Bollinger bands, below EMA 5, but above EMA 13. RSI has …

EURUSD

The pair is trading above 1.2250 as the profitability of the US government bonds fell dramatically yesterday. However, today the bonds’ prices are growing, which may support the USD together with the high expectations concerning the Fed’s rates.

The price is above the middle line of the borders of …

EURUSD

The pair has formed the classic Double Top reversal pattern. The tendencies are generally positive and will continue pressuring the pair.

The price is below the middle line of the borders of Bollinger bands, above EMA 5, but below EMA 13. RSI is leaving the oversold zone. Stochastic oscillators …

EURUSD

The pair is consolidating above the mark of 1.2200 as the US dollar’s positions strengthen following yesterday’s speech of the Fed Chair, Jerome Powell, in the US Congress.

The price is on the lower line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is …

EURUSD

The pair is consolidating within the range of 1.2270–1.2355. If Jerome Powell’s monetary policy statements turn out to be hawkish, then a local decline of the price should be expected.

The price is above the middle Bollinger band, above EMA 5 and EMA 13. RSI is on the level …

EURUSD

The pair receives support as it is hoped that Mario Draghi either will support abandoning of the economic stimulus measures this September or won’t speak of it at all in his today’s speech. Either of these options would have a positive influence on the euro. Only an excessive concern …

EURUSD

The pair is under pressure as the ECB meeting minutes are expecting to be released, while the Fed’s meeting indicated the regulator’s intention to keep raising the rates and increase the number of raises if the inflation continues to grow.

The price is below the middle line of the …