EUR/USD Trend For Today: FOREX Signals

[TanyaSmith]

It is the first of the Major Central Banks for sure. On a micro scale we have to remember that whilst a central bank rate make cause increased lending also bonds are a big determinant of debt scaled lending. It was only 3 years ago that a number of countries including Germany had a negative bond yield rate, so this news isn't as surprising as people think.

 

[Instasab]

A number of spot desks across the street are looking to sell at 1.3700, looking for 1.3550 tomorrow ahead of NFP release

 

[TanyaSmith]

That Short would be that in-accurate but its un-likely they will do it pre-NFP because they don't know how much of the NFP release is already priced into the market. Remember its only 1 or 2 banks that really move the price.

 

[fxstrategist]

Eurusd

It looks like the market had already priced in the rate cuts by the ECB and that is why we see the EURUSD return to the level previous to the news.

 

[peeterwoolf]

You are right, that is why we can see eurusd is trading around 1.365 level.

 

[csc2009]

Base on the whipsaw yesterday, I'm out today.

 

[Forexmospherian]

With 15 mins to NFP - EU - EJ - GU are now in a bullish session mode from approx over 2hrs ago

Will not have any scalps on for the news - but hope to enter after 1 40 pm or at the 2 00 pm Time Window

Could be 2 way spikes if a really big move is planned - as that un settles all traders -

Otherwise might be just a boring 100 pip move - either way

GL for the US session

Regards

F

 

[fxstrategist]

Eurusd

The EURUSD stays right in the middle of the 1.3600 and the 1.3700. There is no clear direction on this pair until it breaks either of those two levels.

 

[Atilla]

The EURUSD stays right in the middle of the 1.3600 and the 1.3700. There is no clear direction on this pair until it breaks either of those two levels.

Clear direction in a vertical drop imo.

Basic support in its line of downfall. Not consolidating. Sinking.

 

[peeterwoolf]

The EURUSD stays right in the middle of the 1.3600 and the 1.3700. There is no clear direction on this pair until it breaks either of those two levels.

At the moment I can't see where is this pair going either.