Reasons for selling USDJPY + Treasury yields fell sharply on Friday + Investors were disappointed when the Fed provided little guidance on taper + Delta variant concerns grows, which should cap gains for USDJPY + USDJPY Triple ZIP sell signal
ECB - Key Takeaways 👇 + Rates 🛑 unchanged until CPI @ 2% well ahead & during projected horizon + Delta 😷 growing concern + Risks to Euro area outlook broadly balanced + Forward guidance change not unanimous 🥊
BKForex ZIP entry at 1.4930. Now 90 pips lower These were the fundamental + techincal reasons why I like selling EURCAD: ECB meets this week. No talk of taper anticipated which is -EUR EZ data mostly weaker including GE trade and IP Bank of Canada tapers asset purchases Canada reopens travel border with US which should boost economic activity Oil prices rebound...
BKForex.com members - This is a classic EURAUD post RBA trade