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EUR/USD: risk aversion takes over financial boards

EURUSD chart

As oil plummets below $30.00 a barrel, risk aversion trading takes over the financial boards. Stocks in Europe are diving, US futures trade sharply lower, and gold and the JPY advance firmly against its major rivals.

Macroeconomics

Chuck Butler

China's Reserves Continue To Drop

Good Day. And a Marvelous Monday to you. I did it! I actually stayed awake, barely I might add, to see the end...

Current Trading Positions

EURUSD Order Entry SL TP
EW-Forecast SELL LI @1.1271 - 1.1140
ProAct Traders SELL LMT @1.1495 - 1.1159
GBPUSD Order Entry SL TP
EW-Forecast SELL LMT @1.4566 1.4895 1.4000
USDCHF Order Entry SL TP
RoboForex SHORT LMT @1.0112 1.0185 0.9888
AceTrader BUY LI >0.9927 0.9852 0.9988

EUR/USD negative sentiment towards the common currency prevails: despite the latest recovery, as the background imbalance between Central Bank weighs. 1.0700 seen by the end of the quarter.

GBP/USD ready to resume its decline: market players believe the due correction has been complete, and that the pair is ready to fall back, down to the 1.4300 region.

USD/JPY back towards 120.00: despite the weekly slump, the pair is seen slowly grinding higher, back towards the critical level in a 3-month view.

AUD/USD Break below 0.7000 likely in the mid-term: little can sustain latest Aussie gains, and traders know it. Bears outpace bulls in a monthly view and further.

EUR/JPY no progress, stuck around 130.00: bullish for next week, bearish for the month, the pair is seen mostly hovering around 130.00 all of the quarter, trapped within a limited range.

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Most Traded Pairs Now


Pair Price Hour Day Week Month
AUDUSD 0.7097 0.34 0.17 -0.14 1.73
EURUSD 1.1180 0.31 0.32 2.62 2.38
GBPUSD 1.4410 0.29 -0.68 -0.23 -0.81
USDCAD 1.3926 -0.31 0.29 -0.04 -1.57
USDJPY 115.46 -0.10 -1.28 -4.59 -1.75

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