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Monthly archive July, 2017

Dollar plummets as Fed signals no rush to raise rates

The euro soared higher against the dollar on Wednesday following the Federal Reserve's decision to keep interest rates unchanged and signaled it would take a longer time raising rates.

The single currency hit a 2 1/2 year high against Read More →

AUDUSD – Aussie Dollar To Continue Moving Higher Vs US Dollar

Key Points

  • The Aussie Dollar surged higher recently and broke a major hurdle at 0.7960-70 against the US Dollar.
  • There is a crucial bullish trend line with support at 0.7995 forming on the hourly chart of AUDUSD.
  • Today in Australia, Read More →

EURJPY – Euro Approaching Major Support Vs Japanese Yen

Key Points

  • The Euro after trading towards 130.60 against the Japanese Yen found sellers and started a correction.
  • There is a major bullish trend line with support at 129.80 forming on the hourly chart of EURJPY.
  • Today in the Euro Read More →

GBPUSD – British Pound Breaks Key Support Vs US Dollar

Key Points

  • The British Pound after correcting higher faced resistance near 1.3090 against the US Dollar and moved down.
  • There was a break below a crucial ascending channel pattern with support at 1.3030 on the hourly chart of GBPUSD.
  • Today Read More →