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Euro remains bid as French elections looms

The euro stood near a three-week high against the US dollar on Thursday as forex traders dismissed broad bets against the single currency ahead of the first round of the French presidential elections on Sunday.

The dollar shook off Read More →

CAD: Upside Risk Into CPI; GBP: Move Looks Out-sized – Citi

CitiFX Strategy Research notes that Canada's CPI on Friday is the major domestic highlight, with risks skewed towards CAD appreciation.

"Investors would take this as indication that the BoC will be forced to accelerate its shift towards the hawkish Read More →

Euro shows resilience ahead of French first round of presidnetial voting

The USD recovered some of the previously lost ground yesterday but has so far failed to recover 100 levels on the US Dollar index (DXY), the DXY is an index measuring dollar strength against a basket of currencies. DXY is Read More →

EURUSD – Euro Looking To Extend Gains Vs US Dollar

Key Points

  • The Euro made a nice upside move and traded above 1.0730 against the US Dollar.
  • There is a major bullish trend line formed with support at 1.0715 on the hourly chart of EURUSD.
  • Earlier today in the Euro Read More →

USDJPY – US Dollar About To Break Higher Vs Japanese Yen

Key Points

  • The US Dollar after nosediving towards the 108.20 level against the Japanese Yen found support.
  • There USDJPY pair is currently recovering, but facing a major bearish trend line at 109.10 on the hourly chart.
  • Earlier today in Japan, Read More →