Forex
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Monthly archive March, 2017
USD/CAD: Range Bound In USD Strength & Weakens: What’s Next? – BofA Merrill
Bank of America Merrill Lynch Research notes that USD/CAD has been fairly range bound, centered around the low 1.30s, since last autumn, and this range has held up amid both the bout of overall USD strength after the US election Read More →
British pound looking vulnerable ahead of May’s official application to exit later on today
US dollar managed a small comeback after opening lower at week start. Early into this week the USD was selling off after President’s Trump failure to pursue and pass the healthcare bill as he had promised to do. The healthcare Read More →
AUD: ‘Deflated’: Here Is The Key Diver To Watch N-Term – NAB
NAB FX Strategy Research notes that its fair value models estimate for AUD/USD has fallen by less than a cent so far this month and that the largest contribution to the fall by far coming from oil prices.
As Read More →
USDCAD – US Dollar Eyes 1.3530 Vs Canadian Dollar
Key Points
- The US Dollar followed a nice uptrend and moved above 1.3380 against the Canadian Dollar.
- There is a resistance trend line at 1.3420 on the hourly chart, which is currently preventing more gains in USDCAD.
- In the US Read More →