ATF Trading Room

EUR Back Under Pressure as the ECB cites growing risks to the economy

Euro-area

The year’s first European Central Bank meeting got off to a soggy start for the euro which slipped to three-week lows against its U.S. rival. By contrast, the greenback enjoyed broad gains with Europe’s weak economy dominating the spotlight...

 

EUR Impact – Is the Italian budget crisis bigger than Brexit?

EU flag

For the first time ever, the European Commission has requested a euro area country to revise its draft budget plans. Italy is not backing down though, and the far-right Deputy Prime Minister Matteo Salvini believes the new measures are necessary...

 

Forex News

USD Falls as the Fed Keeps Rates Unchanged and Announces No Rate Hikes in 2019

Fed3

The EUR and other major currencies rallied and the USD came under pressure in the aftermath of the Federal Open Markets Committee's decision to leave the Fed Funds Rate at 2.25% to 2.50% and to refrain from raising interest rates this year...

 

USD Plays Defense as Next Week’s Fed Meeting Comes Into Focus

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The buck’s nearly 1% decline this week was on pace for its worst week of the year. Signs of a moderating U.S. economy weighed on the dollar ahead of next week’s all-important Fed meeting. The euro was little changed but on track for a weekly gain...

 
 

Forex Outlook

GBP cools off its recent bull run as traders take profits

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Sterling slipped from two-month highs as sobering news on the U.K consumer spurred many to take some chips off the table. Sterling pared some of its gains as the rocky week of U.K. politics suggested a fading likelihood of Britain exiting the EU without a deal...

 

GS FX Research: EUR and CAD Trade Ideas

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Looking at the trading session ahead, Goldman Sachs strategists prefer not to chase EURUSD lower as it has already approached 1.1720 support, but would sell on rallies to 1.1810 or on a break below 1.1700, with EUR to be well supported near 1.1665...

 

Forex Research

Is Elliott waving goodbye to the U.S. dollar?

Currency Rates

Being a long-time observer of market dynamics one can`t help getting a sense of déjà vu when looking at the chart of US dollar index as it bears a very familiar Elliott Wave price structure to one seen not so long ago, which may surprise USD bulls...

 

The ‘Grand Old Party’ and the U.S. dollar

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A close examination of past administrations, major events on the world stage which have occurred since the end of the 1960s, and the US dollar trends, can provide a great insight of what the future might have in store for the greenback...

 

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