European Union Foreign Exchange

Forex Week Ahead from June 10th to 15th 2018

This week on the forex market, all eyes will be on the US Federal Reserve and the European Central Bank next week as the two central banks are expected to take further steps towards policy normalization. In contrast, the policy meeting by…

EUR/RUB 1H Chart: Pair bullish in medium term

Following the massive 13% surge which occurred early in April, the euro currency has been trading in an descending wedge against the Russian Ruble. It seems that this pattern might soon reach its maturity, thus resulting in a breakout and…

EUR/AUD holds in narrow range in near term

EUR/AUD remains under pressure as it continues to trade within a trading range in the short-term over the last two months with upper boundary the 1.6140 resistance level and lower boundary the 1.5775 support level. The price hit the…

Canadian jobs data next in line to shake the loonie

Canada’s employment data for April are due out on Friday at 13:30 GMT. Forecasts point to another solid report, which would confirm the Bank of Canada’s (BoC) view that any remaining labor market slack is quickly being absorbed. While a…