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Euro, riskier assets surge while yen fades as French election fears cast away

The euro soared against the U.S. dollar while the yen plunged on Monday as relief took hold of the forex market as Emmanuel Macron's narrowly edged Marine Le Pen in the first round of France's presidential elections. Investors bought the Read More →

EURUSD – Euro To Break Higher Vs US Dollar?

Key Points

  • The Euro after a huge gap up against the US Dollar found resistance near 1.0900.
  • The EURUSD pair is currently forming a contracting triangle pattern with resistance at 1.0880 on the hourly chart.
  • Recently in the US, the Read More →

AUDNZD – Aussie Dollar Approaching Crucial Resistance Vs Kiwi Dollar

Key Points

  • The Aussie Dollar traded higher above 1.0800 against the Kiwi Dollar, and currently trading with a positive bias.
  • The AUDNZD pair is likely approaching a crucial resistance at 1.0830 and a connecting bearish trend line formed on the Read More →

GBP: Market Still Short & Sterling Still Cheap – BNPP

BNP Paribas FX Strategy Research notes that that market positioning in the GBP appear to have been unwound somewhat following the announcement of a June UK general election.

Despite that, BNPP notes that market positioning remains significantly short GBP, Read More →

CADJPY- Risk On Sentiment Pushing CAD to JPY Higher

Key Points

  • The Canadian Dollar gained traction and moved above 81.50 against the Japanese Yen, considering the positive French election outcome.
  • The CADJPY pair is now well above a bearish trend line with resistance at 81.05 on the hourly chart.
  • Read More →