Forex Free Trading Tips
Danske Bank FX Strategy Research notes that EUR/USD has entered into an overbought territory after breaking above 1.15 overnight, driven by general USD weakness after Republican Senate majority leader Mitch McConnell announced that the US healthcare reform is effectively dead Read More →
The U.S. dollar dropped to its lowest level against a basket of its major rivals in 10 months on Monday and the Australian dollar touched more than two-year high on strong Chinese economic data and doubts that the Federal Reserve Read More →
Key Points
Bank of America Merrill Lynch FX Strategy Research notes that NZD/USD rally struggled at resistance last week (.7340) despite USD weakness but still inched a close above resistance at .7347.
"A decline here could turn into a triangle pattern Read More →
The dollar slipped against a basket of major currencies on Friday, after sour data on consumer prices and retail sales in June increased doubts about U.S. economic growth and whether the Federal Reserve will raise interest rates again in 2017.
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