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Monthly archive January, 2017

NZDUSD – New Zealand Dollar To Move Down Below 0.7240?

Key Points

  • The New Zealand dollar struggled recently against the US Dollar and traded below 0.7260.
  • There was a bullish trend line break at 0.7260 on the hourly chart of NZDUSD, and the pair is currently attempting another break at Read More →

USDJPY – US Dollar Poised For More Gains Vs Yen

Key Points

  • The US Dollar after trading as high as 115.37 against the Japanese yen found sellers and corrected lower.
  • The USDJPY pair later found support near a bullish trend line at 114.25 on the hourly chart.
  • Today, the Japanese Read More →

USD: Once This ‘Market Vacuum’ Is Over, USD will Head Back Higher – Danske

Year-to-date, the Dow Jones is up 1.71%, US 10Y yields are up 8bp and EUR/USD is 1 1/2 figure higher. Uncertainty is extraordinarily high given the lack of clarity on US economic policy, the risks of EU fragmentation with the Read More →

USD follows US Yields lower on data hitch

The US Dollar struggled to close in the positive last Friday, after a softer than expected US GDP reading for the 4th Quarter that was now confirmed at 1.9%. We also had durable goods orders for December which continued to Read More →