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Monthly archive March, 2017

Fed March-rate-hike-expectations props up 5-day winning streak for the USD

US dollar continues in its winning streak as it yesterday concluded its 5th consecutive day of gains. The US dollar index hit 7-week highs yesterday as it tested 102.26, the US dollar index measures the value for the USD against Read More →

EURAUD – Uptrend Intact For Euro To Aussie Dollar

Key Points

  • The Euro surged higher against the Aussie dollar, and moved above the 1.3900 resistance.
  • The EURAUD pair broke a couple of resistances likes 1.3880 and a connecting trend line at 1.3875 on the hourly chart.
  • Today, the German Read More →

CHF: SNB ‘Holding Its Breath’; How To Position? – BofA Merrill

Euro area politics have put the SNB under pressure as it once again finds itself between a rock and a hard place, caught in what seems to be a never-ending cycle of political event risk. The policy challenges look set Read More →

Dollar buoyed by increasing rate hike odds

The dollar lurked near a seven-week peak on Thursday on more clues given by Federal Reserve officials that the U.S. central bank is seriously considering raising interest rates this month.

Federal Reserve Governor Lael Brainard said it will be Read More →

EURGBP – Euro Remains Buy On Dips Vs Pound Near 0.8560

Key Points

  • The Euro surged higher against the British Pound to trade near 0.8590 before finding resistance.
  • There was a crucial resistance trend line at 0.8555 on the hourly chart of EURGBP, which was broken during the upside.
  • Today, the Read More →