Free Trial

EURUSD extends its recovery to the......>

EURO-DOLLAR
EURO-DOLLAR: EURUSD extends its recovery to the $1.1630/35 area ahead of the ECB
rate decision (1145GMT) and President Draghi's press conference (1230GMT). With
markets pricing in under 2% probability of a rate hike at the ECB Governing
Council meeting Thursday, attention is mainly on new 2018-20 economic
projections (amid downside data surprises and external weakness) and a final
decision on ending asset purchases. 100-DMA & trendline resistance remain at
$1.1682/90, a break opens the Aug28 high at $1.1733. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.