Forex
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Monthly archive August, 2017
AUD/USD: Multi-Week Consolidation Period; Weekly Close Key: Levels & Targets – NAB
NAB Technical FX Strategy Research notes that AUD/USD positive outlook has shifted to a new level upon the July breakout close above key resistance levels.
"Both price and momentum triggers remain positive at a LT level.
Recent price Read More →
GBPUSD – British Pound Faces Uphill Task Vs US Dollar
Key Points
- The British Pound declined heavily towards 1.2770 against the US Dollar before recovering.
- There is a major bearish trend line forming with resistance near 1.2845 on the hourly chart of the GBPUSD pair.
- Recently in the UK, the Read More →
EUR/USD: 1.20 Remains An Upside Overshoot Target But Caution S/T – SocGen
Societe Generale Cross Asset Strategy Research argues that as EUR/USD threatens the 1.20 'upside overshoot' target this summer; there’s every reason to be cautious about the short-term outlook.
"Neither capital flows or trends in relative bond yields justify the Read More →
Dollar gets some respite as focus shifts to Monetary Policy
The dollar was buoyant versus the Japanese yen on Friday as forex traders squared their short positions bought ahead of a meeting of central bankers in Jackson Hole, Wyoming.
With Federal Reserve Chair Janet Yellen and European Central Bank Read More →