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EUR/USD Drops Near $1.26 on Low Inflation

EURUSD chart

The euro languished near a fresh two-year trough early on Wednesday, having come under fire as a further slowdown in euro zone inflation intensified pressure for more stimulus from the European Central Bank. The common currency fell as far as $1.2571 before managing a...

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The ECB is becoming a bailout agency, not a central bank.

Barbara Rockefeller

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Current Trading Positions

EURUSD Order Entry SL TP
FXStreet SHORT LMT @1.3050 - 1.2000
RoboForex SHORT LMT @1.2659 1.2731 1.2451
USDJPY Order Entry SL TP
DeltaStock.com BUY MKT @109.45 109.05 110.45
USDCAD Order Entry SL TP
Admiral Markets BUY LMT @1.1115 - 1.1175
EURJPY Order Entry SL TP
Growth Aces LONG LMT @138.55 137.80 140.00

Macroeconomics

Stuart McPhee

U.S. Treasurys Steady after Weak Consumer Confidence

U.S. sovereign bonds edged higher after a report showed U.S. consumers were less confidante about the direction of the economy in September after hitting the highest level in...

Overbought dollar seen correcting next week, but still strong

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.2751 1.2786 1.2759
GBPUSD 1.6347 1.6392 1.6468
USDJPY 108.48 109.20 110.64
USDCHF 0.9467 0.9490 0.9572
AUDUSD 0.8804 0.8806 0.8856
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1118 1.1136 1.1179
NZDUSD 0.7919 0.7998 0.8065
GBPJPY 178.57 180.31 182.32
EURJPY 138.78 139.72 141.41
EURGBP 0.7807 0.7785 0.7705

EUR/USD: market players trying to pick a bottom? Extreme oversold readings push traders to go for an upward correction, with limited gains seen for next week.

GBP/USD mild bullish tone to keep the downside limited: hardly seen below 1.60 in this upcoming quarter, sentiment on Pound is still positive.

USD/JPY a downward correction before more gains: seen bearish for next week, the pair is expected to reach 110.00 and above in the upcoming months.

AUD/USD sideways to bullish, after breaking below 0.90: sentiment on Aussie gains shape with market expecting a soon to come bounce higher, with 0.8600 as probable bottom.

EUR/JPY bulls taking the lead: the pair seems to be adding adepts lately, seen back above 140.00 for the upcoming month.

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Most Traded Pairs Now


Pair Price Hour Day Week Month
GBPUSD 1.6193 0.04 -0.14 -0.90 -2.50
EURUSD 1.2616 0.02 -0.12 -1.28 -3.91
AUDUSD 0.8678 0.08 -0.78 -2.33 -7.01
USDJPY 109.90 -0.06 0.25 0.79 5.32
USDCAD 1.1213 -0.04 0.12 1.40 3.15