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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 →

GBP: To Stay Supported; Still 11% Undervalued – Barclays

Barclays Capital FX Strategy Research expects the GBP to remain supported going into the snap UK general election, but notes that global sentiment amid geopolitical risks is likely to stay a key driver in the near-term.

On the Read More →

Cable surges as May calls snap elections

The dollar index pulled back from three-week lows on Wednesday, as the soaring cable retreated off its highs. Sterling surged after British Prime Minister Theresa May called an early general election ahead of Brexit negotiations.

The pound climbed to Read More →

AUDJPY – Aussie Dollar Broke Crucial Support Vs Japanese Yen

Key Points

  • The Aussie dollar recently struggled against the Japanese Yen, and broke a major support at 81.90.
  • There is a tiny bearish trend line formed with resistance at 81.95 on the hourly chart of AUDJPY, which may act as Read More →