EUR/USD technical view – Rabobank

By | August 17, 2018

“It has been a week since EUR/USD broke through the neckline of the head and shoulders pattern at the top of the bull run that began back at the end of 2016,” Rabobank analysts note. Key quotes “From a purely technical perspective, that provides a target of 1.05 which lines up with the January 2017… Read More »

Fitch: Turkey’s incomplete policy response to the lira’s depreciation is unlikely to stabilise the economy

By | August 17, 2018

“Turkey’s incomplete policy response to the lira’s depreciation is unlikely on its own to sustainably stabilise the currency and the economy,” Fitch Ratings wrote in a recently published report. Key quotes “Efforts to fill the initial policy vacuum have helped stabilise the lira, as has a pledge from Qatar to invest USD15 billion in Turkey,… Read More »

NZD/USD advances to fresh weekly high above 0.66

By | August 17, 2018

The greenback struggles to find demand in the NA session. Consumer confidence in the U.S. plummets to new 11-month low. The NZD/USD pair gained traction in the NA session and extended its gains to a fresh 7-ay high at 0.6615. At the moment, the pair is trading a couple of pips below that level, adding… Read More »