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Monthly archive April, 2017

EUR: ‘No Need To Rush’ From ECB; What’s The Trade? – BofAML

Bank of America Merrill Lynch FX Strategy Research expects the ECB Governing Council to leave the current stance and communication largely unchanged at its policy meeting on Thursday.

"While we do not expect any hard decision or any significant Read More →

Euro, riskier assets surge while yen fades as French election fears cast away

The euro soared against the U.S. dollar while the yen plunged on Monday as relief took hold of the forex market as Emmanuel Macron's narrowly edged Marine Le Pen in the first round of France's presidential elections. Investors bought the Read More →

EURUSD – Euro To Break Higher Vs US Dollar?

Key Points

  • The Euro after a huge gap up against the US Dollar found resistance near 1.0900.
  • The EURUSD pair is currently forming a contracting triangle pattern with resistance at 1.0880 on the hourly chart.
  • Recently in the US, the Read More →

AUDNZD – Aussie Dollar Approaching Crucial Resistance Vs Kiwi Dollar

Key Points

  • The Aussie Dollar traded higher above 1.0800 against the Kiwi Dollar, and currently trading with a positive bias.
  • The AUDNZD pair is likely approaching a crucial resistance at 1.0830 and a connecting bearish trend line formed on the Read More →