Menu

USD: S/T Rallies A Sell; Target EUR/USD At 1.26, GBP/USD At 1.38 Year-End – TD

TD FX Strategy Research thinks that we are only in the early stages of the unwind of the broad USD bull market.

"Other major central banks are moving to a more hawkish stance, rotating emphasis away from the Fed. Read More →

EURGBP – Euro Looks Set To Decline Further Vs British Pound

Key Points

  • The Euro traded lower and moved below the 0.8980 support area against the British Pound.
  • There are two bearish trend lines forming with resistance near 0.8836 on the hourly chart of EURGBP.
  • Recently in the Euro Zone, the Read More →

AUD: Position Adjustment Could Extend Further S/T But Dips To Remain Supported – Nomura

Nomura FX Strategy Research notes that AUD has declined on the back of the FOMC-induced rise in the USD and comments from RBA Governor Lowe pointing to a lack of urgency to raise interest rates.

"We think this position Read More →

Resurfacing geo-political risks sees JPY higher against the Dollar; S&P downgrades China

Asia headed lower this morning as markets digested a renewed war of words between North Korea and the US. Earlier this week at the United Nations, President Trump delivered a stern warning to Kim Jong Un, threatening to destroy the Read More →