This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

EURAUD Shoots Above 10-year High

The euro has enjoyed a stellar rise against most major counterparts thanks to a combination of fundamental catalysts and technical breakout. The single currency has been sought after as the fallout from the coronavirus took a toll on riskier assets like the Australian dollar.

The markets expect the ECB to follow the Fed and announce stimulus measures on Thursday. This could cause a temporary pullback if buyers take profit around the psychological level of 1.7000. In case of a retracement, 1.6770 will be a major support to maintain the bullish mood.

EURAUD

USDJPY Goes into Sharp Reversal

The Federal Reserve surprised markets last Tuesday with an emergency rate cut to cushion the world’s largest economy from the spread of the coronavirus. While this came in as a welcomed measure, market participants also anticipate deeper easing, possibly at the next FOMC meeting.

As a result, a low-yielding US dollar has come under pressure against safe-haven currencies like t...


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on:                             

This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

EURAUD Shoots Above 10-year High

The euro has enjoyed a stellar rise against most major counterparts thanks to a combination of fundamental catalysts and technical breakout. The single currency has been sought after as the fallout from the coronavirus took a toll on riskier assets like the Australian dollar.

The markets expect the ECB to follow the Fed and announce stimulus measures on Thursday. This could cause a temporary pullback if buyers take profit around the psychological level of 1.7000. In case of a retracement, 1.6770 will be a major support to maintain the bullish mood.

EURAUD

USDJPY Goes into Sharp Reversal

The Federal Reserve surprised markets last Tuesday with an emergency rate cut to cushion the world’s largest economy from the spread of the coronavirus. While this came in as a welcomed measure, market participants also anticipate deeper easing, possibly at the next FOMC meeting.

As a result, a low-yielding US dollar has come under pressure against safe-haven currencies like t...


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: