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USD hits fresh lows as US political crisis continues to unfoil

USD hits fresh 6-month lows yesterday, with the US dollar index (DXY) hitting lows of 97.33 throughout Wednesday’s session. So far this week the DXY has lost 1.68%.

The USD took a hit yesterday against the Yen, were throughout Read More →

USDCAD – US Dollar Looking To Trade Higher Vs Canadian Dollar

Key Points

  • The US Dollar after trading lower found support at 1.3570 against the Canadian Dollar.
  • The USDCAD pair is attempting a recovery, but facing two important bearish trend lines with resistance near 1.3630 on the hourly chart.
  • Recently in Read More →

EUR/USD: 5 Reasons To Stay Bullish; Where To Target? – ABN AMRO

ABN AMRO FX Strategy Research makes the case for further EUR/USD upside this year on the ground of 5 key reasons:

ABN argues that:

1- "a 25bp Fed rate hike in June is fully discounted and a 25bp Read More →