As a follow up to last week, we maintain our medium term bullish USD view especially against European currencies, but we see a need for caution in the short term as our roadmap from 1999 remains intact. In addition, it’s Read More →

Key Points

• The British Pound recently fell against the Japanese yen and closed below 142.00.
• During the downside move, the GBPJPY pair broke a bullish trend line at 142.60 on the hourly chart.
• Today in Japan, the Services Purchasing Managers Read More →

Despite its weekly losses, at least so far, the US Dollar has managed to consolidate just below 100 levels on the US Dollar index (DXY). Yesterday the index hit 11-week lows at 99.23. The US Dollar is currently taking a Read More →

Key Points

• The US Dollar after a correction towards 0.9955 against the Swiss Franc found resistance and traded lower.
• The USDCHF pair is currently attempting to close below a bullish trend line on the hourly chart at 0.9900.
• Today in Read More →