USDCAD – US Dollar Remains in Uptrend Vs Canadian Dollar

Key Points

The US Dollar is gaining pace and is currently well above the 1.2800 handle against the Canadian Dollar.
There is a major ascending channel forming with support at 1.2810 on the hourly chart of USDCAD.
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U.S. Consumer Confidence Unexpectedly Climbs To 17-Year High In November

FX News 11046

6 years ago admin

U.S. Consumer Confidence Unexpectedly Climbs To 17-Year High In November

EUR/JPY: A Deja Vu For Japan’s Economy & A Big Rally For EUR/JPY Next Year – Nomura

Nomura FX Strategy Research discusses JPY outlook, and notes that the recent developments in the Japanese economy and financial market in 2017 look similar to 2005, which makes the government and BoJ more cautious about a premature exit next year.

AUDUSD – Aussie Dollar to Decline Further Vs US Dollar

Key Points

The Aussie Dollar started a downside move after trading near 0.7645 against the US Dollar.
There was a break below a major bullish trend line with support at 0.7610 on the hourly chart of AUDUSD.
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U.S. New Home Sales Unexpectedly Jump To Ten-Year High In October

FX News 11046

6 years ago admin

U.S. New Home Sales Unexpectedly Jump To Ten-Year High In October

USD/JPY: Reconfirmation Of Post-Spring Range; What’s Next? – Barclays

Barclays Capital FX Strategy Research discusses USD/JPY outlook, noticing that the pair is trading down to around 111, after breaking below the 200dma (111.70) and reversing most of post-September rally.

"JPY appreciation may have been accelerated by an unwind Read More →

Monthly archive November, 2017