Monthly archive September, 2017

Key Points

• The Euro traded lower sharply recently and broke the 1.1835 support against the US Dollar.
• There is a key bearish trend line forming with resistance at 1.1815 on the hourly chart of EURUSD.
• Recently in the US, the Read More →

The U.S. dollar was bullish on Wednesday, lifted by Janet Yellen’s comments on the need to continue with rate hikes. The Federal Reserve Chair said it would be “imprudent” to keep monetary policy on hold despite an uncertain inflation trajectory. Read More →

USDJPY is close to re-testing yesterday’s lows of 111.47 and is currently trading at 111.54. The Yen enters its 3rd consecutive day of gains so far and is marking gains across the major counterparts this morning. The Yen is perceived Read More →

Key Points

• The US Dollar surged higher towards 0.9750 against the Swiss Franc before facing sellers.
• There is a crucial bullish trend line forming with support at 0.9650 on the hourly chart of USDCHF.
• Recently in the US, the Chicago Read More →