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North Korea tests nerves of its heavy weight allies

With U.S. markets closed across the Atlantic for Independence Day celebrations, the dollar edged higher, rising to a seven-week high. The yield on the two-year Treasury note climbed to levels not reached since 2008 on Monday ahead of the national Read More →

EUR/USD: S/T Valuation Model Still Points To Further Correction – BTMU

BTMU FX Strategy Research argues that the latest EUR/USD rally is partly a reaction to an extreme dollar over-valuation fuelled more by extreme monetary accommodation beyond the US than by monetary tightening in the US.

"Hence, the prospect of Read More →

NZDUSD – New Zealand Dollar Eyeing a Break Below 0.7250

Key Points

  • The New Zealand Dollar recently failed near 0.7343 once again versus the US Dollar and moved down.
  • There was a break below a major contracting triangle pattern with support at 0.7280 on the hourly chart of NZDUSD.
  • Today Read More →

Tech Targets: EUR/USD, GBP/USD, USD/JPY, NZD/USD – UOB

EUR/USD: Bullish (since 28 Jun 17, 1.1335): To exit half of long position at 1.1435.

EUR closed lower for the second straight day and this does not bode well for our current bullish view. As highlighted in recent updates, Read More →