The market is preparing for a dovish Yellen and hawkish Draghi. There may be some leaks already.
EUR/USD The Silence Before The Storm
Price changed little today and waiting to the afternoon’s fundamental events to bring some volatility. Is still located in the buyer’s territory, but needs a bullish spark to be able to resume the upside movement. Continues to move somehow sideways right now, is consolidating the latest gains, so we have to wait for a fresh trading signal. Has shown some exhaustion signs in the last weeks, but maintains a bullish perspective as is located above some important support levels. We may have a high volatility in the afternoon as the economic calendar is filled with high impact data. The fundamental factors will take ... (full story)