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Monthly archive April, 2017

Euro eases, USD manages to hit back at its recent losses as we approach month end

ECB made no changes to its monetary policy in its announcement on the conclusion of its April meeting yesterday. President Mario Draghi continued to acknowledge the risks that could possibly tamper the EZ's economic growth, but he also admitted that Read More →

EURCAD – Euro Setting Up For Another Break Vs Canadian Dollar

Key Points

  • The Euro moved towards 1.4900 against the Canadian Dollar before correcting lower.
  • There is a critical contracting triangle pattern with support at 1.4780 formed on the hourly chart of EURCAD.
  • Today in the Euro Zone, the French Gross Read More →

NZDUSD – New Zealand Dollar Remains Bearish Vs US Dollar

Key Points

  • The New Zealand Dollar tumbled recently and traded towards 0.6920 against the US Dollar.
  • The NZDUSD pair broke a major connecting support trend line at 0.6980 on the hourly chart to ignite a downside wave.
  • Today in New Read More →