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EUR/USD: Buyers still poised to push price higher

But thin liquidity and large expiries may limit price action today ForexLive Buyers finally showed the kind of conviction needed to push price higher on Friday but the move up was stalled by the 76.4 retracement level @ 1.1641. An attempt to break free of said resistance level earlier today also failed as highs reached…

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Sellers in EUR/JPY are rocking the boat

Yen buying is causing a bit of stir so far on the day ForexLive We’ve already had in Asian trading and now we’ve seen yet another similar move in European trading as well. Touted offers in EUR/JPY and yen buying is what is causing markets to move on the day and inadvertently generated flows into…

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Italy the laggard as European equities open higher

Budget woes part of the mix dragging down stocks in Italy ForexLive Other regional stock indices are having no issues but Italy’s MIB is struggling a little as we get the session going. BTPs will be the main area of focus and on Friday 10-year yields traded to near four-year highs, resulting in the spread…

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Dollar, yen on the move as markets see some life

EUR/USD falls to a session low of 1.1595 ForexLive And NZD/USD has erased all of its earlier gains on the day as the dollar and yen sees some bids as we get things going here in Europe. Do remember that liquidity today remains thin so even lighter orders/flows may see exacerbated reaction in the market.