Monthly archive March, 2017

GBP: ‘Uncertainty Has Only Just Begun’; Get Ready To Buy The Dip – BofA Merrill

Bank of America Merrill Lynch FX Strategy Research notes that the initial reaction to the triggering of A50 has been relatively muted.

In this regard, BofAML strongly disagrees with the argument that the formal triggering of A50 triggering has Read More →

AUDNZD – Aussie Dollar Enjoys Uptrend Vs Kiwi Dollar

Key Points

  • The Aussie dollar made an upside move above 1.0900 to set an uptrend against the Kiwi Dollar.
  • There is an ascending channel with support at 1.0920 formed on the hourly chart of AUDNZD.
  • The New Zealand Business Confidence Read More →

USDJPY – US Dollar Remains Buy On Dips Vs Japanese Yen

Key Points

  • The US Dollar traded higher and broke the 112.00 resistance against the Japanese yen.
  • The USDJPY pair remained supported on the downside near trend lines at 111.80 and 111.50 on the hourly chart.
  • The Tokyo Consumer Price Index Read More →