Weekly Forex Market Update & Key Levels March 28 – April 1st

WEEKLY FOREX UPDATE

EURUSD – Last week the Euro virtually went nowhere and continues to trade in its weekly trading range. Strong upside impulsive and weak corrective moves in the Euro in the past few weeks suggest that perhaps the Euro will make another stride to its top boundary at 1.14800. In the bigger picture however, the Eurozone…

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Weekly Forex Market Update & Key Levels March 21 – 25th

WEEKLY FOREX UPDATE

EURUSD – As expected, the Fed didn’t raise rates at its scheduled meeting this week. However, the Fed’s statement lowered the expected overnight rate by year’s end from 1.4% to 0.90%. The Fed also lowered their forecast of four interest rate rises to only two this year. What really was strange at this meeting was…

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Weekly Forex Market Update & Key Levels March 14 – 18th

WEEKLY FOREX UPDATE

EURUSD – What a week for the Euro! The European Central Bank (ECB) increased their stimulus program by 20 billion to 80 billion per month AND lowered commercial deposit interest rates from -0.3% to -0.40%. Normally an unexpected move like this by the ECB would have caused an negative impact to the currency, however, it…

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Weekly Forex Market Update & Key Levels March 7 – 11th

WEEKLY FOREX UPDATE

EURUSD – The economic/finance issues in Europe are far from being resolved. Quite frankly, the Euro have severe demographic and unemployment issues among most its member countries that make up the Euro. Portugal, Italy, Spain, Greece have all have 25%+ youth unemployment, whereby the youth are leaving to the U.K. or other countries for better…

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