The Euro continues to confront resistance and add value against the U.S Dollar. The ECB will conduct their monetary policy and press conference tomorrow. The short term surge of the Euro has gone on relatively unchallenged early this week as it makes new highs.
Category : Analysis
The Yen has remained within a tight range the past week, but continues to trend slightly stronger against the U.S Dollar in the mid-term. While the Yen has gotten stronger this morning, speculators may believe the Yen will still gain against the U.S Dollar.
The Pound continued to make strides against the U.S Dollar. And the Euro has maintained its range. Gold has added value and Crude Oil has made incremental gains. The Bank of Japan has held it monetary policy in place and the Yen is steady.
The Euro is trading within its higher boundaries against the U.S Dollar. On Thursday, the European Central Bank will release its monetary policy decision and outlook. The Euro is likely to attract more speculative trading positions in the days ahead.
The EUR, GBP and Yen have held their stronger ground versus the U.S Dollar as trading has begun this morning. Gold is relatively flat and Crude Oil has seen consolidated trading. The European Central Bank delivers its monetary policy outlook on Thursday.
U.S Crude Oil continued to come under pressure on Tuesday and it is trading in the mid 63.00 U.S Dollars a barrel range. Short term speculators may suspect downward conditions will prevail in the coming days after the dramatic rise upwards made by the commodity over the past few weeks.