Keep your eyes on this .............
Okay so right now we have had good data coming out of the Loony, which is hard for Poloz to keep shunning off ,
Euro buyers are stepping in slowly again look at EUR/USD @ 1.0647 currently, and finding a nice bounce off trend line support.
We can see here this has been in steady down trend and right now the 0.38 Fib retracement line is presenting resistance.
Keeping an eye on this, USD data is out later which may affect the EUR/USD today and offer more insight here
Stay tuned this could get interesting.........
Euro buyers are stepping in slowly again look at EUR/USD @ 1.0647 currently, and finding a nice bounce off trend line support.
We can see here this has been in steady down trend and right now the 0.38 Fib retracement line is presenting resistance.
Keeping an eye on this, USD data is out later which may affect the EUR/USD today and offer more insight here
Stay tuned this could get interesting.........
Comment:
Okay so the GBP boost yesterday helping this, and there is Euro zone data out today
CPI y/y and Core Cpi y/y ,
Then Friday more Euro zone data PMI's , so be alert we may get in after data today but watching the retrace to the trend line resistance like a hawk....
Stay tuned !!!!!!!!!
CPI y/y and Core Cpi y/y ,
Then Friday more Euro zone data PMI's , so be alert we may get in after data today but watching the retrace to the trend line resistance like a hawk....
Stay tuned !!!!!!!!!
Comment:
So right now we are watching this, below are comments from ECB speakers:
ECB's Villeroy: Monetary policy shouldn't be adjusted before we see more concrete signs that inflation can be sustained, and that negetavive rates have their limitations and the current policy is fully appropriate.
There could be some upside risks to the ECB's economic forecasts says ECB's Praet
I will post a few charts of interest for you , OIL took a beating yesterday down $4 but still ranging between $50-55 range, this is causing the move on this pair as the Canadian dollar if you don't know is heavily influenced by oil prices, due to it constituting towards their GDP.
Anyway here is point of case for us, we are staying tentative until we see this maintain convincingly the trend line resistance.
The ECB meet on APR 27th, could this be a way of them gently letting us in to their language next week , we will know soon if they maintain this kind of statement with the rate being put on hold as expected, we could see this trickle lower when OIL rebounds .
If this does unwind as expected then we are in for a serious move,
Stay tuned !!!!!!
ECB's Villeroy: Monetary policy shouldn't be adjusted before we see more concrete signs that inflation can be sustained, and that negetavive rates have their limitations and the current policy is fully appropriate.
There could be some upside risks to the ECB's economic forecasts says ECB's Praet
I will post a few charts of interest for you , OIL took a beating yesterday down $4 but still ranging between $50-55 range, this is causing the move on this pair as the Canadian dollar if you don't know is heavily influenced by oil prices, due to it constituting towards their GDP.
Anyway here is point of case for us, we are staying tentative until we see this maintain convincingly the trend line resistance.
The ECB meet on APR 27th, could this be a way of them gently letting us in to their language next week , we will know soon if they maintain this kind of statement with the rate being put on hold as expected, we could see this trickle lower when OIL rebounds .
If this does unwind as expected then we are in for a serious move,
Stay tuned !!!!!!
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Next stop .50 fib tetracement line
Still watching
Still watching
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So we are right on the trend line resistance again , and as you can see by the wick on the daily candle, the sellers have started entering, and some positioning trimming ahead of Sunday we think, OIL is up on the day again.
We will be selling out of Sundays antics
stay tuned
We will be selling out of Sundays antics
stay tuned
The more the retrace the better the price this now has our full attention
Watching intently!!!!!!!!!