Euro/Dollar: Hammer on the Daily
From alpari.com
The calendar was empty on Tuesday, so the euro/dollar headed unhindered to the 90th degree. My yesterday’s expectations were fulfilled in full, but the daily closed with a hammer after there was a bounce from 1.0673. Main news of the day: 11:30 EET, UK labor market data: number of unemployment benefit applications for October, ILO unemployment level; average earnings level, September employment creation; 12:30 EET, BoE’s Mark Carney to speak; 15:15 EET, ECB’s Mario Draghi to speak. Market Expectations: The hammer means that there’s a upward correction to 1.0830. The signal for a strengthening of the euro is already ...
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