Analysts have been talking about EURUSD reaching parity level meaning 1.00000 price level. But the market is behaving totally otherwise. In the last few weeks, EURUSD has climbed up more than 1000 pips. In this week only EURUSD has climbed up more than 300 pips as US Dollar went on the defensive on poor US… Continue reading USD Still On The Defensive Yet EURUSD Parity Very Much On The Way
Tag: eur/usd
Currency Traders Worried About A New Surprise By The FED And The ECB
Currency market has been shocked by the Swiss National Bank. USDCHF fell 1,867 pips in just a matter of few minutes after the Swiss National Bank announced that it was removing the 1.20 Swiss franc to 1 euro peg. Swiss franc appreciated almost 41% in matter of minutes bankrupting a number of forex brokers and… Continue reading Currency Traders Worried About A New Surprise By The FED And The ECB