The Dollar
rallied for today after the Bank of Japan took its interest rate into negative
territory and the fundamental data out of the United States came out in line
with what was expected. The Gross Domestic Product reading has come out
practically in line with what investors and trades were waiting for. This has
caused the Dollar to strengthen again. The Euro, the Pound, and the Yen all
dropped versus the Dollar as risk appetite comes into the markets. The EUR/USD
could find some support at the 1.0800 or the 1.0700 level, but the pair remains
consolidated, trading in a range.
Great post, thank you.
ReplyDeleteI fully agree with your assessment.
ReplyDeleteExcellent analysis!
ReplyDeleteGreat post! Thank you!
ReplyDeleteGood post!
ReplyDelete1.0800 level is still holding for now.
ReplyDeleteThanks for such an informative article.
ReplyDelete