Month: June 2015

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Did the Euro Bomb just blew

Did the Euro Bomb just blew

      1.1404 indeed is the current resistance which the EURUSD find hard to breech as mentioned in my recent post. Yesterday saw a 211 pips bearish move and this maybe the beginning of the EURUSD sell. To confirm my bearish view on the EURUSD, I would have to see the price action of…

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To leave or not to leave Euro.

To leave or not to leave Euro.

With the next big news about Yellen increasing interest rates put on the back burner, the next big news is Greece declaring bankruptcy and leaving Euro. Greek Prime Minister Alexis Tsipras made a new offer on a reform package to foreign creditors on Sunday to break a deadlock that has pushed Greece to the brink…

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Dollar Dumped after FOMC

Dollar Dumped after FOMC

In contrast to market expectations Janet Yellen offered no timeline to the possible rate hike. Traders took this as a hint that rate normalization could be delayed to as far forward to March 2016 and dumped the US Dollar. The Euro hit fresh monthly highs in the wake of this findings. From the chart above…

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