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Monthly archive April, 2017

USD/JPY: Out Of The Woods? Where To Target? – NAB

NAB FX Strategy Research notes that USD/JPY is currently trading around 3 big figures higher relative to the 108.21 lows reached on 17 April.

In particular, NAB notes that the recent rebound in the pair was originally fuelled by Read More →

Trump’s tax reform plan lifts dollar

The U.S. dollar climbed broadly against its rivals on Wednesday, with the currency hitting nearly four-week highs against the yen, on anticipation that a promised White House announcement on tax reform could boost the greenback.

Top White House delegates Read More →

USDCAD – US Dollar Approaching Crucial Support Vs Canadian Dollar

Key Points

  • The US Dollar moved towards 1.3650 against the Canadian Dollar before finding resistance.
  • The USDCAD pair moved down, and broke a bullish trend line at 1.3557 on the hourly chart.
  • Recently in Canada, the Retail Sales for Feb Read More →

AUDUSD – Aussie Dollar Remains Below Crucial Resistance Vs USD

Key Points

  • The Australian Dollar is currently correcting higher, but may find sellers near 0.7490-0.7500 against the US Dollar.
  • There is a major bearish trend line with resistance at 0.7505 formed on the hourly chart of AUDUSD.
  • Today in Australia, Read More →

JPY: Trading The BoJ – Views From Major Banks

The following are brief expectations for the BoJ April meeting statement as compiled from the related research reports of 6 major banks. Overall, they see the BoJ meeting as a non-event with muted FX reaction.

Credit Agricole Research: Read More →