{"id":108191,"date":"2017-06-28T07:05:43","date_gmt":"2017-06-28T11:05:43","guid":{"rendered":"http:\/\/countingpips.com\/?p=108191"},"modified":"2017-06-28T06:42:45","modified_gmt":"2017-06-28T10:42:45","slug":"eurusd-the-rally-continues-in-asia","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/eurusd-the-rally-continues-in-asia\/","title":{"rendered":"EURUSD: the rally continues in Asia"},"content":{"rendered":"
June 28, 2017<\/div>
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By Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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Previous:<\/strong><\/p>\n

On Tuesday, the EURUSD instrument closed 156 pips up. Firstly, the euro rose across the market after Mario Draghi\u2019s speech at the ECB forum in Portugal. He painted the recovery of the European economy in a relatively positive light. He talked about the need to adjust some of the parameters of the bank\u2019s monetary policy, but clarified that this wouldn\u2019t amount to it being tightened.<\/p>\n

Next, the US dollar continued its slide as Janet Yellen, the Chair of the US Federal Reserve, gave a speech in London. She didn\u2019t say anything new. She repeated that interest rate hikes would be gradual and that the Fed would try to avoid destabilising markets. The president of the Philadelphia Fed, Patrick Harker, also spoke in London and also seems to favour just one more rate hike this year. As such, we can be fairly certain that we won\u2019t see interest rates go up again at least until September. The euro, as such, has decided to venture north.<\/p>\n

Day\u2019s news (GMT+3):<\/strong><\/p>\n