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Oct 21 2014The EUR/USD broke sharply today although it remained inside of last week’s range. The catalyst behind the move was speculation the European Central Bank is looking to buy corporate bonds on the secondary market. This move would increase liquidity, which would put pressure on the currency. The Forex pair likely stayed inside last week’s range […]
Oct 21 2014Analysis and Recommendations: The EUR/GBP fell 28 points to trade at 0.7891 after comments from the ECB sent the euro tumbling. The euro dropped on Tuesday after reports said the European Central Bank may start buying corporate bonds on the secondary market. Citing people familiar with the matter, Reuters said the ECB could decide on the […]
Oct 21 2014Analysis and Recommendations: The GBP/USD tumbled 13 points to trade at 1.6154 as the US dollar gained momentum ahead of the US data on housing due later in the NA session. The pound gave back some of yesterday’s gains. Sterling rose against the dollar on Monday, as traders bought it after last week’s sharp losses, […]