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USD awaits US-China summit

A hawkish tone in the minutes released yesterday of the last FOMC meeting minutes, and a stronger than expected ADP employment change for March didn’t do much to avert the USD’s decline yesterday at close, and even this morning.

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AUDJPY – Aussie Dollar Remains Sell Vs Japanese Yen

Key Points

  • The Aussie dollar made a downside move towards 83.20 vs the Japanese yen where it found support.
  • The AUDJPY is currently moving higher, but may face two bearish trend lines with resistance at 83.90 and 84.10 on the Read More →

USD: Trading The FOMC Minutes – Views From 10 Major Banks

The following are brief expectations for the minutes from the 14-15 March FOMC meeting as compiled from the related research reports of 10 major banks.

Overall, they don't expect the minutes to reveal much additional information, noticing that the Read More →

USDCAD – US Dollar Eyes Further Gains Ahead of ADP Employment Change

Key Points

  • The US Dollar after a dip towards 1.3400 against the Canadian dollar found buyers and once again moving higher.
  • During the recent downside, there was a break below a bullish trend line with support at 1.3420 on the Read More →

Yen strengthens as investors scale back on risk bets

The safe-haven yen climbed against its major rivals, up to a one-week high against the dollar and a 4-1/2 month peak against the euro on Tuesday. Forex investors grew concerned about a possibly tense meeting between U.S. President Donald Trump Read More →