The EURUSD reached 1.1730 and then, Argentina’s peso sparked fears in the market and stalled the euro’s advances. The EURUSD was benefitting from the dovish stance from the Fed chair, Powell. It was able to break above the 1.17 level, but was not able the sustain the gain. The latest…
Month: August 2018
The Fed Sent the EURUSD to the Highest Point since August 3rd
The EURUSD reached 1.1650 and then lost its steam. The EUR/USD got a boost from the Fed Chair, Jerome Powell, last Friday. He said the U.S. economy was not overheating and the inflation was not accelerating. He still expects the gradual rate hikes though. A September rate increase is certain…
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 56
3 trades have been closed since the last update. The total realized profit is $110. Last week, we ended at $67 in profit minus interests and fees. After the profit this week, that brings our total net profit to $177 minus interests and fees. The strategy can be found here. The…
1.16 Appeared to Be a Strong Resistance for the EURUSD to Crack
The recovery of the EURUSD stalled at around 1.16. The ECB minutes came out today were nothing new or fresh. It was the same dovish stance. There will not be any rate hike until later 2019. The economic data front was light and the markets pretty much ignored it. There…
The EURUSD Advanced Further against the U.S. Dollar amid Trump’s Legal Problems
The recovery of the EURUSD was strong from 1.13. It reached as high as 1.1616. There hasn’t been very much from the economic data that affects the U.S. dollar or the euro in a big way. Thanks to some of the political news that has weakened the U.S. dollar. Primarily,…