Monthly archive January, 2017

Key Points

• The Euro moved higher consistently against the Canadian dollar and closed above 1.4200.
• However, the EURCAD pair is facing a monster resistance near 1.4300-1.4400 on the daily chart.
• In Canada recently, the Consumer Price Index (CPI) released by Read More →

Key Points

• The US Dollar traded lower during the past two sessions against the Japanese yen, and declined below 114.00.
• There was a bullish trend line formed on the hourly chart of USDJPY, which was broken near 114.80 for a Read More →

The GBP will remain in focus heading into the ruling on Brexit from the Supreme Court, expected on Monday.

The government is generally not expected to win this appeal, but we think the significance of this ruling has diminished Read More →