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Monthly archive January, 2017

Dollar trims losses as Treasury yields bounce back

The dollar held on to its gains early on Wednesday, as a rebound in Treasury yields helped the greenback bounce back from recent lows hit against the yen and euro amid concerns about U.S. President Donald Trump's protectionist stance.

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USDCHF – Can US Dollar Stay Above 1.00 Vs Swiss Franc?

Key Points

  • The US Dollar after trading towards 0.9960 against the Swiss Franc found support and moved higher.
  • There is a contracting triangle pattern formed on the hourly chart of USDCHF with support at 1.00.
  • Today, the Switzerland UBS Consumption Read More →

EURJPY – Euro Facing Major Hurdle Near 122.00 Against Japanese Yen

Key Points

  • The Euro traded higher recently against the Japanese yen, but found sellers near 122.00-122.20.
  • The EURJPY pair traded lower after the failure, and moved below a bullish trend line at 121.95 on the hourly chart.
  • Today, the Japanese Read More →

Preview: EMU: German IFO – Barclays, SEB

Barclays:

SEB:

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*Times reported are Central European Time (CET)

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EURUSD – Is This A Bearish Break In Euro To Dollar?

Key Points

  • The Euro recently traded higher but failed to break the 1.0770 resistance area against the US Dollar.
  • There was a bullish trend line broken at 1.0750 on the hourly chart of EURUSD, which can be seen as a Read More →