[EUR] Still Uncertainty 2019 0201

EUR/USD four-hour chart, source:FXDD.com

[EUR] Still Uncertainty  2019 0201

U.S. Federal Reserve's policy was in the market expectation. Fed froze its benchmark interest rate, 2.25~2.50 percent which the market analysts expected, on Wednesday and the price of currency pair EUR/USD surged.

Jerome Powell, Chair of Fed implied the benchmark rate will not be risen in this year at the press conference after FOMC meeting.

It made market participants thought weak greenback, and U.S. dollar fell against euro.

One of the major currency pair, EUR/USD slides after FOMC statement was released, but market analysts look as the technical correction after the price-surge.

Fed's decision may leads weak greenback, but we need to watch euro zone economy carefully. As Italian GDP is under the technical recession, euro zone economy faces recession risk. Brexit risk threaten the economy of England as well as euro zone.

Commodity traders may be interested in buying gold, but forex traders have difficulty to find the trend-line direction.







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Gjallarhorn, Heimdallr, EUR, euro, 걀라호른, 헤임달, 유로화

[USDX] Keeping Long 2019 0124

U.S. dollar index four-hour chart, source:FXstreet.com

cf. < [USDX] Turning to Dove 2019 0107

The economy outlook in the year has warned the global recession. International Monetary Fund, IMF adjusted its world economy growth in the year to 3.5 percent which was lowered 0.2 percent point from the expectation three months ago. And Christine Lagarde, IMF Managing Director warned the global recession at World Economy Forum, or Davos Forum.

The possibility of recession makes world investors to be more interested in safety asset such as gold, Japanese Yen and greenback. And economists  goldilocks in U.S. economy is over, economists

In the four-hour chart, dollar index keeps its upward trend and moves in bollinger bands. It's not hard to look at the chart with long bias, and though it may fall it will rebound at bottom band. Of course, there is always a possibility of plunging below the band.

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Gjallarhorn, Heimdallr, USDX, dollar index, 걀라호른, 헤임달, 달러, 달러인덱스

[EUR] Downward Trend or Rally 2019 0122

EUR/USD four-hour chart, source:FXDD.com

International Monetary Fund, IMF adjusted its world economy growth in the year to 3.5 percent which was lowered 0.2 percent point comparing to expectation three months ago. And Christine Lagarde, IMF Managing Director warned the global recession at World Economy Forum, or Davos Forum.

The uncertainty of world economy stimulates investors to be more interested in safety asset such as gold, greenback.

During the last week, price of the currency pair, EUR/USD plunged and failed to break through the upper band of Bollinger Bands. Whenever it faced the upper band, it moved back in one-hour chart. Four-hour chart of EUR/USD showed the Head-and-Shoulders pattern, a typical price-fall pattern.

It may be hard to say the rebound of the price.

But the pattern is to be built, plunge is over and it may rebound for short term.





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Gjallarhorn, Heimdallr, EUR, euro, 걀라호른, 헤임달, 유로화