Key Points

• The Euro remained under a lot of bearish pressure vs the US Dollar and traded below 1.0540.
• There is a crucial bearish trend line with resistance at 1.0550 formed on the hourly chart.
• Today, the German IFO business Read More →

Key Points

• The New Zealand dollar recently recovered from the 0.7120-30 support area against the US Dollar.
• However, the NZDUSD pair remains below a major bearish trend line with resistance at 0.7170 on the hourly chart.
• Recently, the New Zealand Read More →

BNP Paribas has made some adjustments to its G10 FX forecasts in tandem with its economics team’s quarterly forecast revision process.

"The most significant change to our economic forecasts this quarter is that we have added a third rate Read More →

Key Points

• The Aussie dollar after trading towards 87.30 against the Japanese yen found resistance.
• The AUDJPY pair is moving lower, and broke a bullish trend line at 87.10 on the hourly chart.
• In Japan, the All Industry Activity Index Read More →