- Tuesday, 26 January 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 27 January
There were no data releases from the Eurozone yesterday. European Central Bank (ECB) boss Mario Draghi has hit back at critics of the bank's decisions to keep interest rates low and launch a €1.5 trillion (£1.1 trillion) asset purchase programme. Draghi, who last week hinted interest rates might be cut further, said low interest rates were not punishing savers. He said inflation adjusted returns did not tell this story and that a hike in interest rates would "simply push us back into recession and rates would stay lower for longer."
Read more...- Tuesday, 26 January 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 27 January
Euro was initially pushed higher in the course of the yesterday's session but area around 1.0870 level offered plenty of resistance at the moment. However, with no data releases trading was still in a tighter range with support around 1.0820 level. Main market mover will be FOMC interest rate decision. At the moment, pair has initial support around 1.0780 level and 1.0750 area in extension, while we can expect resistance around Friday's and yesterday's highs at 1.0880 and 1.0930 level.
Read more...- Tuesday, 26 January 2016
- News
CB Consumer Confidence rose to 98.1
- Tuesday, 26 January 2016
- News
Draghi said low interest rates were not punishing savers
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