EUR/USD Forecast Mar. 6-10 | Forex Factory

  • EUR/USD Forecast Mar. 6-10

    From forexcrunch.com

    EUR/USD traded in a wider range and eventually closed towards the higher end of the range. Will it remain in the range or make a break? The big event of the week is undoubtedly the ECB decision, which also consists of new forecasts. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Inflation data in the euro-zone, which reached 2%, continued putting pressure on Draghi, especially from his German peers. Developments in the French elections helped the euro. In the US, Donald Trump's priorities do not provide the necessary fuel for the dollar, but upbeat expectations for ... (full story)

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Not-KPMG
Mar 5, 2017 4:19am
Permalink
Yohay is back.
Was bullish last. oooops

Quote :
...multi-year low of 1.0340. Only 1.0150 separates the pair from parity at this point.

I am bearish on EUR/USD

Draghi is likely to do his best to weigh on the euro. It seems that he got his magic back after a few failed attempts and he could certainly hit the common currency as core inflation remains subdued. In the US, while Trump could certainly disappoint once again, the hawkishness of the Federal Reserve is certainly dominant.
EndQuote.

Now I'm worried. If Yohay (my trusted indi) is bearish the Euro may spike up really hard. i mean 0700 is possible

I'm short.... Let's see 0500 and decide there.

Nice summary BTW if we forget the most important news..... But who cares of NFP etc??? Or Friday doesn't count? Which is good point - Friday is spike day.
Nice review of ECB dilemma.
Reply
priceaction1
Mar 5, 2017 8:21am
Permalink
Quoting Not-KPMG
Yohay is back. Was bullish last. oooops Quote : ...multi-year low of 1.0340. Only 1.0150 separates the pair from parity at this point. I am bearish on EUR/USD Draghi is likely to do his best to weigh on the euro. It seems that he got his magic back after a few failed attempts and he could certainly hit the common currency as core inflation remains subdued. In the US, while Trump could certainly disappoint once again, the hawkishness of the Federal Reserve is certainly dominant. EndQuote. Now I'm worried. If Yohay (my trusted indi) is bearish...
remember , when strong wind comes.


Maybe you strong as a giant tree,
But to survive , be like a bamboo tree.

regards

bend to meet the challenge, then back to strong as giant, still standing.
Singleness to task at hand.
The job description of a trader is profitability.
Being wrong or correct is just mind and expectations.Book bottom line is the gauge.

by grate master fti
Reply
Roszey
Mar 5, 2017 7:26am
Permalink
Quoting Ghassforex
{quote} Before Alan Greenspan & Jean Claude Trichet always surprise the market .....The question Yellen will do the same on March 15 !!!!???.....The NFP next Friday will be a key and send a strong message for market but we must to keep in mind last June 2016 market priced also around 80 % hike rate but NFP data was very bad forecast predictions were 156 results were 38 It was a reason for FED to push hike rate to DEC .....If Fed need a new reason to push hike rate for May or June NFP is a joker we must keep eyes open on data results next week...
So your point is NFP will determine whether Yellen will hike rate or not...??
Reply
Ghassforex
Mar 5, 2017 8:11am
Permalink
Quoting NotAtrader
{quote} I guess yes this is his point. Look at this: http://finance.yahoo.com/news/fed-ch...183000776.html
Better to hold on.... keep on mode wait and see ....Friday will make picture more clear ...G.L
Reply
rafat habeb
Mar 5, 2017 3:20am — Edited
Permalink
new range of 1.0678 upside to 1.0425 downside till 1.6978
Reply
NotAtrader
Mar 5, 2017 4:27am
Permalink
Quoting Not-KPMG
Yohay is back. Was bullish last. oooops Quote : ...multi-year low of 1.0340. Only 1.0150 separates the pair from parity at this point. I am bearish on EUR/USD Draghi is likely to do his best to weigh on the euro. It seems that he got his magic back after a few failed attempts and he could certainly hit the common currency as core inflation remains subdued. In the US, while Trump could certainly disappoint once again, the hawkishness of the Federal Reserve is certainly dominant. EndQuote. Now I'm worried. If Yohay (my trusted indi) is bearish...
He could be right for ones LOL
Reply
NotAtrader
Mar 5, 2017 7:32am
Permalink
Quoting Roszey
{quote} So your point is NFP will determine whether Yellen will hike rate or not...??
I guess yes this is his point.
Look at this:
http://finance.yahoo.com/news/fed-ch...183000776.html
Reply
Not-KPMG
Mar 5, 2017 4:42pm
Permalink
Quoting g_5d06f7df
Greek debt resurfaces with a vengeance: http://davidstockmanscontracorner.com/the-showdown-intensifies-ecb-dons-brass-knuckles-greece-claims-bankruptcy/
It says Feb2015????
Are you slow????
Reply
Ghassforex
Mar 5, 2017 6:12am
Permalink
Quoting Not-KPMG
Yohay is back. Was bullish last. oooops Quote : ...multi-year low of 1.0340. Only 1.0150 separates the pair from parity at this point. I am bearish on EUR/USD Draghi is likely to do his best to weigh on the euro. It seems that he got his magic back after a few failed attempts and he could certainly hit the common currency as core inflation remains subdued. In the US, while Trump could certainly disappoint once again, the hawkishness of the Federal Reserve is certainly dominant. EndQuote. Now I'm worried. If Yohay (my trusted indi) is bearish...
Before Alan Greenspan & Jean Claude Trichet always surprise the market .....The question Yellen will do the same on March 15 !!!!???.....The NFP next Friday will be a key and send a strong message for market but we must to keep in mind last June 2016 market priced also around 80 % hike rate but NFP data was very bad forecast predictions were 156 results were 38 It was a reason for FED to push hike rate to DEC .....If Fed need a new reason to push hike rate for May or June NFP is a joker we must keep eyes open on data results next week .GOOD LUCK for all .
Reply
zerotmoal
Mar 5, 2017 3:32am
Permalink
Inflation data in the euro-zone, which reached 2%, that's the worst by the way for Draghi . french election won't depend on polls !!!
Reply
COGSx86
Mar 5, 2017 8:21pm
Permalink
If short term treasury yields continue the trend we will see rates rise in march.

Last week was the largest 1 week rise for 3 month treasuries, in 8 years!

.515 to current price of .698
Reply
Ghassforex
Mar 5, 2017 8:01am
Permalink
Quoting Roszey
{quote} So your point is NFP will determine whether Yellen will hike rate or not...??
Indeed ...
Reply
Trader#13B7
Mar 5, 2017 3:54pm
Permalink
Greek debt resurfaces with a vengeance:
http://davidstockmanscontracorner.com/the-showdown-intensifies-ecb-dons-brass-knuckles-greece-claims-bankruptcy/
Reply
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