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2 Apr 2014
ECB meeting and US Payrolls: the imbalance battle begins – FXStreet
FXStreet (Edinburgh) - According to Valeria Bednarik, Currency Analyst at FXStreet, both the ECB meeting and the US Payrolls have the potential to spark a clearer trend in the EUR/USD.
Key Quotes
“I found myself drawing Fibonacci retracements and trend lines in my EUR/USD chart earlier today, looking for what was not actually there: a trend”.
“On the monetary side, while the Federal Reserve is gradually reducing its capital injections and chief Janet Yellen suggested past month that rates can even start rising in about 6 months when tapering is completed, the ECB is discussing whether or not to start applying facilities, and rumors sound again loud on a possible rate cut for this month”.
Key Quotes
“I found myself drawing Fibonacci retracements and trend lines in my EUR/USD chart earlier today, looking for what was not actually there: a trend”.
“On the monetary side, while the Federal Reserve is gradually reducing its capital injections and chief Janet Yellen suggested past month that rates can even start rising in about 6 months when tapering is completed, the ECB is discussing whether or not to start applying facilities, and rumors sound again loud on a possible rate cut for this month”.