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GBPUSD – British Pound To Correct Further Vs US Dollar

Key Points

  • The British Pound made a nice upside move this past week before finding resistance near 1.3030 against the US Dollar.
  • The GBPUSD pair traded lower and broke a major bullish trend line with support at 1.2995 on the Read More →

RBA stays put, Aussie declines; N.Korea Missile test sets the negative tone

Asia was mostly lower this morning and European reflected most of the negativity so far as well, geo-political tensions were at play and dragged on sentiment.

News headlines of a claimed-to-be succesful test for North Koreas’s intercontinental ballistic missile Read More →

AUD: Trading The RBA – Views From Major Banks

The following are brief expectations for the outcome and the strategies for trading the RBA July meeting as compiled from the related research reports of 10 major banks. Overall, the market seems to already price-in a little tilt for the Read More →

AUDUSD – Aussie Dollar To Correct Lower Vs US Dollar

Key Points

  • The Aussie Dollar after trading as high as 0.7715 against the US Dollar found resistance.
  • There was a break below a major channel support at 0.7680 on the hourly chart of AUDUSD.
  • Today in Australia, the Building Permits Read More →

GBPJPY – British Pound Remains Buy on Dips Vs Japanese Yen

Key Points

  • The British Pound made a nice upside move and traded above 146.00 against the Japanese Yen.
  • There is a major bullish trend line with support at 146.20 forming on the hourly chart of GBPJPY.
  • Today in Japan, the Read More →