EUR/USD holds slightly higher on the day but key technical levels still in play 0 (0)

EUR/USD trades at the highs today, up 0.3% to 1.2055 currently
The 100-day moving average is seen @ 1.2051 today and will be a key point of contention to watch but further resistance is still seen from the key hourly moving averages, which are seen @ 1.2070-85. Keep below that and sellers stay in near-term control.

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EU proposes to ease restrictions on non-essential travel into the bloc for those who have been vaccinated 0 (0)

European Commission announces with the proposal
The EU is proposing member states to ease non-essential travel restrictions into the region by taking into account progress of vaccination campaigns and developments abroad, notably allowing for persons residing in a country with a „good epidemiological situation“ to enter and also those who have received the final dose of

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A look at central banks for May: Part 2 0 (0)

Central bank rundown continued
Prior to the latest BoE meeting on March 18 there was a tail risk of a rate hike coming into the markets. The GBP has been strongly supported over the last few weeks and the last meeting continues to provide reason for optimism regarding GBP strength.The major headlines for the Bank Of

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ForexLive Americas FX news wrap: US dollar rebounds and risk aversion picks up 0 (0)

Forex news for North American trade on April 30, 2021:
Markets:
The US dollar was strong particularly against the euro, sterling and antipodeans. Consider this a bit of a ‚choose your own adventure‘. If you want a fundamental underpinning, there was a definite pickup in risk aversion immediately after a study showing that one vaccine dose isn’t

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CFTC Commitments of Traders: The slow CAD courtship continues 0 (0)

Weekly forex futures positioning data from the CFTC for the week ending April 27, 2021:
– EUR long 81K vs 81K long last week. No change
– GBP long 29K vs 25K long last week. Longs increase by 4K
The Canadian loon mates for life but the currency market has been slow to fall in love with loonie.

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