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Monthly archive March, 2017

EUR: Close To A ‘Turning Point’: What’s Next? – Barclays

Barclays Capital Research argues that the EUR is now close to a turning point, amid accelerating inflation and stronger economic data, though it still faces many near- and long-term threats.

"A rebound from the excessive pricing of political risk Read More →

USDCAD, GBP/USD: Close To Topping Out; Levels & Targets – Citi

CitiFX Technical Strategy Research notes that GBP/USD seems to be following a similar path to the price action seen in Feb-June and July-Oct 2016.

As such, Citi argues that any rally looks likely to struggle in the 1.2775-1.2800 area Read More →

AUDNZD – Aussie Dollar Facing Uphill Task Vs Kiwi Dollar

Key Points

  • The Aussie dollar after trading as low as 1.0823 against the Kiwi dollar found support.
  • The AUDNZD pair is currently recovering, but likely to face sellers near 1.0890 and two bearish trend lines on the hourly chart.
  • Today, Read More →

CAD: Inflation Stable & BoC On Hold In ’17: Where To Target? – Nomura

Canadian headline inflation for February came in at 2.0% y-o-y slightly lower than in January, notes Nomura Research.

In that regard, Nomura argues that while the relative stability in the core measures suggests that underlying inflation could be Read More →