Monthly archive December, 2016

The dollar slid from its 14-year-highs against its major rivals on Thursday as forex traders booked profits ahead of holidays and a big batch of U.S. economic data due later on Thursday.

The dollar index, which measures the greenback Read More →

NAB Techs maintains its bearish weekly signals for AUD/USD targeting 0.7150/00 and for NZD/USD targeting 0.6650/0.6700

AUD/USD: The battle between the mutli-year downtrend and the one-year uptrend has been won decisively by the LT downtrend. Recent weekly closes below Read More →

The dollar held strong against its major rivals on Wednesday, hovering near a 14-year peak versus the euro, driven by bets of higher U.S. growth and a faster pace of interest rate increases under incoming president Donald Trump.

In Read More →

Key Points

• The US Dollar traded higher recently against the Japanese yen, but failed to break 118.20.
• There is a bearish trend line formed on the hourly chart Read More →