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EUR/USD: Modest Consolidation; Near-Term Dips Buying opportunities – TD

TD FX Strategy Research thinks the balance of risks favor some modest EUR/USD consolidation into Jackson Hole, especially noticing that it is likely that ECB President Draghi will not deliver any fresh news on monetary policy.

" This leaves Read More →

USDCAD – US Dollar Facing Hurdles Near 1.2700 Vs Canadian Dollar

Key Points

  • The US Dollar recovered well from 1.2590 against the US Dollar, but failed to break 1.2700.
  • There are two bearish trend lines forming with resistance at 1.2690 and 1.2710 on the hourly chart of USDCAD.
  • Recently in Canada, Read More →

GBP: Investors Unlikely To Have Any Appetite To Long GBP Ahead Of Key Events – BofAML

Bank of America Merrill Lynch FX Strategy Research argues that politics, more than data, matter for GBP especially with a heavy Brexit calendar through to year-end.

"We think markets are unprepared and vol looks cheap given that major GBP Read More →

AUDNZD – Aussie Dollar Holding Crucial Support Vs Kiwi Dollar

Key Points

  • The Aussie Dollar after trading as high as 1.0879 against the New Zealand Dollar corrected lower.
  • There is a major bullish trend line with support at 1.0815 forming on the hourly chart of AUDNZD.
  • Recently in China, the Read More →