Recent comments from ECB policymakers suggest that “gap” between interest rates on the two sides of the Atlantic will be smaller than expected… As my colleague Joe Perry noted earlier this week, EUR/USD had room to rally toward 1-month highs in the 1.0760 area after ECB President Lagarde opened the door to interest rate hikes […]
The post EUR/USD’s Near-Term Bullish Channel Intact Amidst ECB Hawkishness appeared first on Action Forex.
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Eurozone trade data showed a strong performance in March, with exports rising 13.7% yoy to EUR 279.8B and imports up 8.8% yoy to EUR 243.0B, resulting in a solid trade surplus of EUR 36.8B. Intra-eurozone Read more…
Key takeaways USD/JPY rebounded sharply from 140.00 to 148.65 but quickly reversed, showing signs of a failed bullish breakout amid profit-taking and technical resistance. The Bank of Japan held rates steady and cut its growth Read more…