Fed Chair Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in the US500 index since June. Most risky assets experienced severe drawdowns, and EURUSD returned to the above-parity area. We explain everything you need to know about the Symposium in this article.
EUR/USD Trade Update
2021-08-12 • Updated
EUR/USD Daily Chart
EUR/USD 4H Chart
EUR/USD declined slightly at the beginning of yesterday’s trading, reaching as low as 1.1705 right before the US data. The pair then bounced off that support all the way to 1.1750’s, leading our long position to be in profit once again. In the meantime, we maintain the Stop at 1.1690 ahead of today’s session. The current signal comes as a short-term play after the euro declined for 8 straight sessions. At the same time, if the pair managed to break above 1.1750 today, I would move my stop to the entry in order to protect the position from any possible loss.
Despite a slight decline from its highest levels since 2002, around 109 range, it is just a correction, and the green king, the US dollar, will resume its rally…
What will happen? Federal Reserve Chair Jerome Powell will give a speech during the Jackson Hole Symposium on August 26 at 18:00 GMT+3…
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.