Forex
Forex Free Trading Tips
Monthly archive July, 2017
CHF: What’s Behind The Heavy Selling? What’s Next? – BTMU
BTMU FX Strategy Research notes that CHF continues to slide and remains the stand-out mover in the FX markets with EUR/CHF moving from Monday’s intra-day low to today’s high, up some 3.3%.
"We can only put this down to Read More →
CHF weaker on interest differentials; USD enthusiasm after Thursday data fades, we now look onto US GDP
Sentiment from US session was mixed after Thursday’s close which saw the S&P and the Nasdaq lower. The mood turned even more sour for the Asian counterparts as the major equity indices there registered losses.
Some noticeably strong Durable Read More →
EURGBP – Euro To Break Declining Pattern Vs British Pound
Key Points
- The Euro after trading close to 0.8995-0.9000 against the British Pound started correcting lower.
- The EURGBP pair is currently following a descending channel pattern with resistance near 0.8940 on the hourly chart.
- Today in the Euro Zone, the Read More →
USD: July FOMC Was More Of An Excuse Than A Reason To Sell; What’s Next? – Credit Agricole
Credit Agricole CIB FX Strategy Research suspects that the July FOMC statement was more of an excuse than a reason to push the USD lower.
"Technical factors likely played a role as the EUR/USD rallied through the previous Read More →