Tag - eur

May 12: cautious market
May 12: cautious market

Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.

EUR/USD rebounded from support
EUR/USD rebounded from support

EUR/USD recovered from the March-April support line and formed a “Piercing line” candlestick pattern on the D1.

May 7: risk off
May 7: risk off

The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.

EUR/USD dropped after German ruling
EUR/USD dropped after German ruling

The German court made a surprising decision on May 5 that the European Central Bank's mass bond-buying violates the German constitution.

May 2020 forex season trading
May 2020 forex season trading

April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.

Things to watch this week
Things to watch this week

These days we’ve got a quite busy market and a really interesting environment. Events below will add more market volatility!

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