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Monthly archive March, 2017

USD: Sideways As March Hike Mostly Already Priced In – Barclays

We see limited scope for the USD to continue going up this week, as markets are already largely pricing in a March hike. Fed fund futures discount a 90% probability of a 25bp hike and 65bp for the remainder of Read More →

Aussie higher as RBA keeps rates at 1.5%; USD remains firm a week ahead of FOMC

Throughout the course of last night the Reserve Bank of Australia left rates unchanged at 1.5% as widely expected. In his statement RBA Governor Philip Lower said that improved commodity prices, on the back of an improved global economy Read More →

USDCHF – US Dollar To Climb Above 1.0130 Vs Swiss Franc?

Key Points

  • The US Dollar remained above the 1.0100 support against the Swiss Franc, and currently looking for further gains.
  • There is a major bearish trend line with resistance at 1.0125 formed on the hourly chart of the USDCHF pair.
  • Read More →

AUD: Trading The RBA – Views From 10 Major Banks

Credit Agricole: RBA on hold; to continue with its FX rhetoric.

The RBA will leave rates on hold and after upgrading its rhetoric to be more upbeat on global and local growth last month, in line with its forecast Read More →

EURCAD – Euro Remains Buy On Dips Vs Canadian Dollar

Key Points

  • The Euro remains in an uptrend against the Canadian dollar with a close above 1.4150.
  • There is a crucial bullish trend line support at 1.4150 formed on the hourly chart of the EURCAD pair.
  • Today, the Euro Zone Read More →