Forex News: Us Dollar 16 June 2017 (38)

6 Month US Dollar LIBOR Rate

The EURUSD decreased 0.0065 or 0.58% to 1.1153 on Friday June 16 from 1.1217 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.

But you guys can keep cradling your shiny like it’s some kind of religious fetish. Repeat after me: The goal is capital preservation, or even capital gain. The vehicle is irrelevant, though I agree the fact there’s no counterparty risk with PMs makes them attractive in certain scenarios, and was the principle reason I started buying them ten years ago.

The latest round of setbacks are viewed as corrective with the market expected to be very well supported on dips ahead of 1.2500 in favour of a higher low and bullish continuation towards a measured move extension objective at 1.3500 in the weeks ahead. A breakout above critical resistance at 1.2775 back in April triggered a structural shift in the major pair warning of a longer-term base. Only a break back below 1.2360 would compromise this outlook.

related articles´╝Ü