FollowTheMoney-FX

FollowTheMoney-FX Updated 

Fundamental analysis: EURO Bearish: 10 point rate cut announced by the European Central Bank (ECB) and they have already been cutting rates before 20 billion per month in asset purchases Looming economic crisis in the Eurozone A lot of retail traders are now long upon the rally after the ECB announcement so there is a large zone of liquidity in the underlying...

FollowTheMoney-FX

Fundamental analysis: USD Bullish: Strong currency since trump took over presidency Strong economic growth Considered a safe haven currency JPY Bullish: Considered a safe haven currency Strong economy So these are actually 2 bullish currencies BUT, the US is thinking about cutting rates so I believe the FOMC press conference will be more hawkish than the...

FollowTheMoney-FX

Fundamental analysis: USD Bullish: Strong dollar Strong US economy Risk off currency/considered a safe haven TRY Bearish: Weak economy in Turkey at the moment Budget deficit in Turkey High interest rates Foreign exchange reserves are low Technical analysis: Touched upon daily support at 5.65000 and instantly reversed. I see this pair going back through the...

FollowTheMoney-FX

Fundamental analysis: EUR Bearish: 10 point rate cut announced by the European Central Bank (ECB) and they have already been cutting rates before 20 billion per month in asset purchases Looming economic crisis in the Eurozone A lot of retail traders are now long upon the rally after the ECB announcement JPY Bullish: Considered a safe haven currency Strong...