FX News

USD seems set for its 3 consecutive weekly loss; Gold attempts to offset this week’s loss

The US Dollar seems to be set for a third week of consecutive losses as we enter into this week’s last day of trading. This week was shorter with Thursday being Thanksgiving day and US markets were closed. Incidentally it Read More →

USD: FOMC Minutes: Fed Set For A Dec Hike But Could Put First Hike In ’18 On Hold – SEB

SEB FX Strategy Research comments on today's FOMC minutes from the November meeting.

"...Summarising our take on today’s minutes, we continue to expect that the Fed will deliver another rate hike in December.However, it is obvious that FOMC officials Read More →

EURJPY – Euro’s Recovery Looks Real Vs Japanese Yen

Key Points

  • The Euro after a sharp decline found support near 131.20 against the Japanese Yen.
  • There was a break above a key bearish trend line with resistance at 131.50 on the hourly chart of EURJPY.
  • Recently in Japan, the Read More →

AUD/JPY: 8-Years History Of Major Reversal From 88/90: S-Term & M-Term Targets – NAB

NAB FX Technical Strategy Research discusses AUD/JPY outlook, noticing a pattern of an eight year history of major reversals from the 88/90 zone, which is evolving again in H2 2017.

"Short Term Strategy (0-4 Weeks): 85.90/00 resistance likely to Read More →