Forex
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Monthly archive September, 2017
USD: ‘Opposing Forces’: Where To Target EUR/USD, GBP/USD? – CIBC
CIBC FX Strategy Research notes that the US current account data released last week showed that the Q2 deficit was roughly $8bn wider than analysts had been expecting, and a full $10bn wider than the first quarter.
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USD/JPY: To Remain In 108-114 Range Into Year-End; Dips Below 108 An Attractive Buy – SEB
SEB FX Strategy Research thinks that USD/JPY will continue to trade in the 108-114 range until the end of 2017.
"Short-term events such as geopolitical risks and severe weather in the US may push USD/JPY below 108 but if Read More →
EURJPY – Can Euro Break 134.50 Vs Japanese Yen?
Key Points
- The Euro traded higher recently above the 133.60 resistance against the Japanese Yen.
- There is a connecting bullish trend line forming with support at 133.70 on the hourly chart of EURJPY.
- Recently in Japan, the Coincident Index for Read More →
Euro slips below 1.19 as German elections create political uncertainty
Angela Merkel secured a fourth term as chancellor on Sunday, despite the fact her centre-right bloc recorded its worst result since 1949. Merkel’s election victory was overshadowed by a far-right surge, which garnered 13 percent of the vote, while Read More →