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Euro the focus as doldrum trading continues

EURUSD chart

Once again, we open up here in Europe with the main G10 pairs very much in a holding pattern. Tomorrow I may bring a pillow into the office. It’s obvious what each individual currency is waiting on; euro watchers are looking for the advance reading of Eurozone CPI for...

Exclusive Analysis

Current Trading Positions

EURUSD Order Entry SL TP
Independent Analyst LONG LMT >1.3820 1.3805 1.3865
AUDUSD Order Entry SL TP
Autochartist SHORT LMT @0.9360 0.9464 0.8923
XAUUSD Order Entry SL TP
FibStalker Trading BUY LMT @1288.50 1276.00 1303.00
Independent Analyst SHORT LMT <1302.00 1305.00 1292.00
Independent Analyst LONG LMT >1280.00 1276.00 1295.00

Macroeconomics

Vasilis Tsaprounis

The European Central Bank to wait until at least June to act

Euro could struggle ahead of a speech by ECB President Mario Draghi, although they conceded that it would be hard...

EUR to maintain gains no matter what, GBP to jump: no case for USD gains

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.3825 1.3801 1.3658
GBPUSD 1.6809 1.6756 1.6616
USDJPY 102.28 102.31 103.99
USDCHF 0.8817 0.8832 0.8965
AUDUSD 0.9297 0.9195 0.9023
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.0985 1.1016 1.1181
NZDUSD 0.8606 0.8524 0.8411
GBPJPY 171.94 171.99 170.55
EURJPY 140.38 140.55 141.27
EURGBP 0.8239 0.8266 0.8207

EUR/USD bulls to defend 1.3700, bears to grow by the end of the quarter: range will likely remain in place for the pair, at least until upcoming ECB meeting.

GBP/USD traders bullish, banks bearish: quite clear division among #FXpoll participants, with traders looking for levels of 1.7000 and above for the upcoming weeks.

USD/JPY range bound for the month: the pair is seen maintaining the 101.00/104.00 range , bullish afterwards.

AUD/USD bearish pressure increasing weekly basis: with almost no exceptions, the pair is not seen returning above 0.9400, but slowly returning to sub 0.9000 levels.

EUR/JPY mixed, buy yen weakness to prevail: pointing to remain above 140.00 both in the short and the longer term, the pair will see limited gains on the days to come.

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Most Traded Pairs Now


Pair Price Hour Day Week Month
AUDUSD 0.9281 0.03 -0.05 -0.51 1.62
USDJPY 102.37 -0.04 -0.12 -0.02 0.12
EURUSD 1.3823 -0.01 0.02 0.07 -0.12
USDCAD 1.1026 -0.01 -0.05 0.20 -1.48
GBPUSD 1.6792 -0.01 0.08 -0.01 1.78