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EUR/USD faces worst weekly loss since November 2016, creates bearish outside-week candle

5 monthes ago   |   By FXCM

The EUR/USD is down 1.7 percent from last Friday's close of 1.1767- its worst weekly loss since November 2016.
ECB's dovish taper, fears of a trade war and hawkish Fed rate hike will likely keep the EUR under pressure on the last trading day of the week.
The common currency has created a bearish outside-week candle, signaling the sell-off from 1.2556 has resumed.
Currently, the EUR/USD pair is trading at 1.1567 - down 1.7 percent week-on-week - its worst weekly losses since November 2016.
ECB's Draghi pulled the plug on the QE program yesterday, still, the EUR dropped more than 200 pips as...
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EUR/USD: Put bias strongest since May 31 after ECB's dovish taper

5 monthes ago   |   By FXCM

Euro nosedived 300 pips on Thursday after ECB delivered a dovish taper.
Risk reversals hit lowest since May 31, signaling a rising demand for EUR puts.
The EUR/USD fell from 1.1852 to 1.1562 on Thursday and extended losses to 1.1555 in Asian session today as ECB's Draghi announced a QE taper but put off its next major decision until well into 2019.
The sell-off in the EUR / USD spot has pushed up demand for EUR puts. The one-month 25 delta risk reversals fell to -0.825 - the lowest level since May 31. The gauge stood at -0.70 a day ago, and at -0.225 on June 7.
The drop to a two-week low...
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