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USDCHF – US Dollar Faces Tough Challenge Vs Swiss Franc

Key Points

  • The US Dollar failed to break the 0.9765-70 resistance area against the Swiss Franc, and moved down.
  • There are two bearish trend lines with resistances as 0.9738 and 0.9760 formed on the hourly chart of USDCHF.
  • Today in Read More →

EURGBP – Euro Remains In Uptrend Vs British Pound

Key Points

  • The Euro after trading close to the 0.8720 support against the British Pound started moving higher.
  • There are two bullish trend lines with supports at 0.8800 and 0.8780 formed on the hourly chart of EURGBP.
  • Today in the Read More →

NZD: FX Indifference Helps NZD; What’s Next? – BTMU

BTMU FX Strategy Research notes that the RBNZ as expected kept rate unchanged at its monetary policy meeting and in its statement continued to express confidence in the economic growth outlook despite slightly weaker than expected Q1 real GDP growth.

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USD eases off month’s high as profit taking kicks in; Oil price relief helps sentiment in Asia

Oil price drops dragged sentiment lower and reflected negatively on sentiment yesterday at US close. This morning a slight move higher for the price of oil met optimism during the asian session, with the major indices reflecting some gains, albeit Read More →