Forex
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Monthly archive May, 2017
Week Ahead: USD Comeback, EUR Test, GBP Struggle
Credit Agricole CIB FX Strategy Research notes that next week will likely highlight that the relative fundamentals in the US and Eurozone continue to support policy divergence between the Fed and the ECB.
"In particular, we expect that US Read More →
EURGBP – Euro to Move above 0.8750 Vs British Pound?
Key Points
- The Euro remains in an uptrend vs the British Pound with a close above the 0.8680 resistance.
- There is a major bullish trend line with support at 0.8700 formed on the hourly chart of EURGBP.
- Recently in the Read More →
USDCHF – US Dollar Looks Set To Gain Further Vs Swiss Franc
Key Points
- The US Dollar made a nice upside move and traded above 0.9720 resistance against the Swiss Franc.
- The USDCHF pair is currently attempting a break above a bearish trend line at 0.9760 on the hourly chart.
- Recently in Read More →
Dollar bounces on upbeat GDP, Sterling weighed as elections loom
The dollar bounced back to a one-week high on Friday following upbeat U.S. growth figures, while Britain's pound slipped after a poll showed a narrowing lead for the ruling Conservatives before elections next month.
The dollar index, which tracks Read More →
