{"id":82080,"date":"2015-12-07T09:21:30","date_gmt":"2015-12-07T14:21:30","guid":{"rendered":"http:\/\/countingpips.com\/?p=82080"},"modified":"2015-12-07T09:41:03","modified_gmt":"2015-12-07T14:41:03","slug":"yield-differential-steady-following-ecb-miscommunication","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/yield-differential-steady-following-ecb-miscommunication\/","title":{"rendered":"Yield Differential Steady Following ECB Miscommunication"},"content":{"rendered":"<div id=\"inves-40963918\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 7, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Last Friday\u2019s ECB statements which focused on the inability of the market to understand its intentions with regard to the central banks communication debacle on Thursday seemed to have some lasting impact. EUR\/USD extended Friday\u2019s correction, making a low of 1.0803. That marked a 1.6% decline from Friday\u2019s peak, though this still left the euro just over 2% up on levels seen ahead of the ECB announcement.<\/p>\n<p>Friday\u2019s stronger than expected U.S. payroll report is pushing U.S. yields higher relative to European yields which should continue to help the dollar regain its strength over the European currency.\u00a0 The yield differential is printing a reading of 1.25, after being as low at 1.12 on Wednesday and as high at 1.28 on Friday.<\/p>\n<p>Target support is seen near the 20-day moving average at 1.0697.\u00a0 Resistance is seen near Thursday\u2019s highs at 1.0981.\u00a0 Price action is forming a bull flag pattern which is a pause that refreshes after a breakout. Momentum on the currency pair is positive, as the MACD (moving average convergence divergence) index is positive as it prints in positive territory with an upward sloping trajectory. The relative strength index (RSI) edged lower back into the middle of the neutral range as the pause in price action is reflected by consolidation.<\/p>\n<p><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/eur-120715.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-10042\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/eur-120715-300x196.jpg\" alt=\"eur-120715\" width=\"300\" height=\"196\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p><div id=\"inves-2486610484\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Last Friday\u2019s ECB statements which focused on the inability of the market to understand its intentions with regard to the central banks communication debacle on Thursday seemed to have some lasting impact. EUR\/USD extended Friday\u2019s correction, making a low of 1.0803. That marked a 1.6% decline from Friday\u2019s peak, though this still [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82080","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=82080"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82080\/revisions"}],"predecessor-version":[{"id":82082,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82080\/revisions\/82082"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}