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Oil, USD: Where To Target Oil & EUR/USD After OPEC Supply Cut – Danske

Danske Bank Strategy Research discusses its outlook for Oil and USD after the Organisation of Petroleum Exporting Countries (OPEC) decided today to extend the deal to cut oil production agreed last November for another nine months with effect from 1 Read More →

EURAUD – Bullish Break Sighted For Euro To Aussie Dollar

Key Points

  • The Euro made an upside move from the 1.4930 swing low against the Aussie Dollar.
  • The EURAUD pair broke a major bearish trend line at 1.4985 on the hourly chart to open the bullish gates in the short Read More →

Dollar slips as traders digest FOMC minutes

The dollar slipped back towards its 6-1/2-month lows on Wednesday, as forex investors' shifted their attention from U.S. politics to monetary policy. Traders digested the release of the minutes of the U.S. Federal Reserve's meeting in early May.

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USDCAD – US Dollar Decline is Here to Stay Vs Canadian Dollar

Key Points

  • The US dollar was pressured and pushed below the 1.3500 support against the Canadian Dollar.
  • There is an expanding triangle pattern formed with support at 1.3400 on the hourly chart of USDCAD.
  • Recently, in Canada, the BoC Interest Read More →

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