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USDCHF – US Dollar Looking To Break 0.9740 Vs Swiss Franc

Key Points

  • The US Dollar recovered well from the 0.9640 low against the Swiss Franc and moved above 0.9700.
  • The USDCHF pair broke a short-term bearish trend line at 0.9705 on the hourly chart.
  • Today, the Swiss Producer and Import Read More →

JPY: BoJ On Hold; What’s The Trade? – BofAML

Bank of America Merrill Lynch FX Strategy Research expects the Bank of Japan to remain on hold at its 16 June monetary policy meeting (MPM), keeping both its targets for rates and risk asset purchases unchanged.

"We also think Read More →

EURGBP – Can Euro Retest 0.8850 Vs British Pound?

Key Points

  • The Euro remains above the 0.8780 support area against the British Pound and looking for more gains.
  • There is a contracting triangle pattern with resistance at 0.8815 forming on the hourly chart of EURGBP.
  • Today, the UK’s Retail Read More →

Dollar raises rates despite inflation slip

The dollar bounced back from earlier declines against its major rivals on Wednesday after the Federal Reserve raised interest rates as widely expected.

Early in the US trading session, the greenback fell to its lowest level since the day Read More →