EUR/JPY: Downsides Remain Limited Below 131.50

Key Highlights The Euro is trading in a positive zone above the 131.50 pivot level against the Japanese Yen. There is a crucial bullish trend line forming with support at 131.60 on the 4-hours chart of EUR/JPY. The US Consumer Price Index in March 2018 increased 2.4% (YoY), more than the last +2.2%. Today, the ECB Monetary Policy Meeting Account will be released, ...
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EURJPY Tumbled Post ECB QE Remarks

Key Highlights Euro nosedived against most major currencies, including the Japanese Yen after the ECB speculation on the QE. There are talks and remarks that the ECB might expand the QE in December instead of March 2016. ECB President Draghi, ignited a down-move in the Euro mentioning that the Central Bank may add additional stimulus in December 2015. ECB might either...
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EURUSD Rockets High on Greek Deal Hopes Ahead of ECB Meeting

Key Highlights Euro surged higher Intraday against the US Dollar, rallying some 250 pips from its low. Greek PM Alexis Tsipras mentioned that they presented a realistic plan for an agreement, which kind of increased hope of a Greek deal. EURUSD rocketed higher to trade near 1.1200 and awaits ECB meeting for further action. EURUSD – Technical Analysis The Euro pe...
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The European Central Bank (ECB) Sets To Ignite Moves In Euro

Key Highlights Euro nosedived not only against the US dollar recently, but also weakened a lot against the British pound. Today, the ECB Interest Rate Decision will be announced by the European Central Bank in which easing measures is likely to cause a lot of action in the Euro pairs. BoE Interest Rate Decision will also be announced by the Bank of England in which cent...
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