Forex
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Monthly archive July, 2017
USD: Modest Recovery Ahead On A Status-Quo Fed & A Rebound In Q2 US GDP – ING
ING FX Strategy Research expects the USD to re-gain some ground over the coming days on a combination of unchanged Fed policy on Wednesday and a strong US GDP reading for Q2 on Friday.
"We expect the market narrative Read More →
USD in consolidation ahead of FOMC communication later today; Gold pulling back
Sentiment was mostly positive during the Asian session earlier today, taking the positive handover from US equity close yesterday evening. In the US some better than expected reported quarterly results helped lift sentiment, while overnight improvements in the price of Read More →
EURUSD – Euro Consolidating Gains Above 1.1630 Vs US Dollar
Key Points
- The Euro climbed higher recently and currently placed well above the 1.1635 vs the US Dollar.
- There is a solid bullish trend line forming with support at 1.1638 on the hourly chart of EURUSD.
- Today in the Euro Read More →
USDCHF – US Dollar Remains Below Key Resistance Vs Swiss Franc
Key Points
- The US Dollar faced a lot of selling pressure recently and declined below 0.9500 against the Swiss Franc.
- There is a short-term ascending channel forming with resistance near 0.9485 on the hourly chart of USDCHF.
- Recently in the Read More →
