Forex Investment and Currency Trading

Analysis – Daily Chart
EUR-USD has traded in a very mixed manner over the last few weeks, but a renewed bout of weakness in the EUR is expected to unfold. The fact that the turn above 1.60 failed to hold in April is a useful bearish indication, as is the failed push above 1.58 over the [...]

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Slovak koruna & regional currencies
After the market closed yesterday, the Slovak koruna was revalued with its ERM-2 band ceiling of 30.126 per euro becoming its new central parity – thus a 15% revaluation. The new ceiling was set at 25.607.

ECB statement today:

“The revaluation of the central rate of the Slovak koruna is justified by ongoing [...]

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USD continued to strengthen overnight with DXY rallying up to a high of 72.926 as USD outperformed all the G10 currencies. Comments from the Fed’s Fisher were undeniably hawkish, suggesting that the Fed may hike rates even if the economy is weak and that the market should expect rate hikes sooner rather than later. Demand [...]

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