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Monthly archive August, 2017

EURGBP – Euro In Super Bullish Trend Vs British Pound

Key Points

  • There was a sharp rise in the Euro above the 0.9200 resistance against the British Pound.
  • There are two important bullish trend lines forming with support at 0.9265 and 0.9240 on the hourly chart of EURGBP.
  • Today in Read More →

Gold Price Rockets Higher above $1315 Vs US Dollar

Key Points

  • There was a sharp rise in Gold price above $1300 against the US Dollar due to North Korea tensions.
  • There is a major bullish trend line forming with support at $1305 on the hourly chart of the Gold Read More →

CAD: NAFTA Flying Under The Radar; What’s Next? – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that the NAFTA talks are off to a difficult start as the US delegation reportedly requested to remove the chapter 19 dispute settlement provisions that are a key issue for Canada.

"Furthermore, Read More →

USDCAD – US Dollar Remains Sell on Rallies Vs Canadian Dollar

Key Points

  • The US Dollar continued to decline and moved below 1.2500 against the Canadian Dollar.
  • There is a major bearish trend line forming with resistance near 1.2510 on the hourly chart of the USDCAD pair.
  • This past week, speech Read More →