EURUSD is falling down strongly as USD is getting stronger against EURO. More and more bets are being placed that FED interest rate hike is coming in the next few months most probably in June. These bets are making USD strong and strong. Plus there is a huge USD dominated debt in the international market… Continue reading EURUSD Falling Down Strongly On FED Interest Rate Hike Bets
EUR/USD Showing Bullish Divergence Ahead Of Inflation Data Release
EUR/USD has fallen to its lowest level in 9 years before the CPI Flash Estimate y/y release. The common currency sank as deep as $1.1842, its lowest since March 2006. Traders said some sell stops were triggered after the currency broke below Monday’s trough of $1.1861. Data due at 1000 GMT is expected to show… Continue reading EUR/USD Showing Bullish Divergence Ahead Of Inflation Data Release