Monthly archive March, 2017

The dollar slipped to its weakest level since November versus its major rivals on Monday as forex investors lost confidence that President Trump will deliver the expected fiscal stimulus after his failure to pass a major healthcare reform bill.

Key Points

• The Euro after trading as high as 1.0909 against the US Dollar found resistance and moved down.
• There was a break below a bullish trend line with support at 1.0865 on the hourly chart of EURUSD.
• In the Read More →

Last week US President Trump was not able to push the healthcare bill (that was expected to supercede Obamacare) for a vote but instead opted to ditch the bill. Taking down Obamacare was one of Trump’s flagship promises and he Read More →

Key Points

• The Euro slowly moved higher against the Canadian dollar and challenged the 1.4500 resistance.
• There is a monster bullish trend line with support at 1.4420 formed on the hourly chart of EURCAD.
• Recently, the Euro Zone M3 money Read More →